India's education loan provider Avanse Financial Services files for a Rs 3,500-crore IPO, offering fresh shares for capital growth; first education-focused NBFC to go public.

India's education loan provider Avanse Financial Services has filed for a Rs 3,500-crore IPO, with plans to issue fresh shares worth Rs 1,000 crore for capital growth. Warburg Pincus, Kedaara Capital, and IFC are among the shareholders looking to offload shares worth Rs 2,500 crore. Avanse is the first education-focused NBFC to go public in India, offering loans and services to Indian students and professionals for overseas or domestic studies.

June 21, 2024
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