TPG Capital leads $50m funding for south India-focused NBFC Five Star

TPG Capital leads $50m funding for south India-focused NBFC Five Star

Photo: Reuters

South India-focused non-banking financial company (NBFC), Five Star Business Finance, has raised $50 million in a new funding round led by private equity major TPG Capital Asia.

The round has valued the Chennai-based lender at $950 million, per media reports.

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