Falcon Edge, Bay Capital invest in Five Star Business ahead of its IPO

By Beena Parmar

  • 15 Dec 2021
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Credit: 123RF.com

Private equity investors Falcon Edge Capital and Bay Capital have invested $26 million in market-bound non-bank lender Five Star Business Finance Ltd (Five Star), taking its valuation up to $3 billion, said two people privy to the development.  Chennai-headquartered Five Star, which is backed by private equity firm TPG Growth (TPG), ......

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