ChrysCapital Advisors LLP, the largest home-grown private equity (PE) fund, is in advanced talks to buy a significant minority stake in Thirumeni Finance Pvt. Ltd, a Bengaluru-based non-banking financial company (NBFC) that operates under the name Varthana, according to two people aware of the development.
The investment in the company, which lends to affordable private schools, will be around $50 million (Rs320 crore), the two said on condition of anonymity.
