Warburg Pincus LLC has agreed to buy a controlling stake in Future Capital Holdings for nearly $100 million, helping the U.S. private equity firm to expand its presence in India’s financial services sector. Future Capital, which provides consumer and mortgage loans, said in a statement Warburg would initially buy a 53.7 percent holding from group company Pantaloon Retail. The deal at 162 rupees per share, or 18 percent premium to Future’s Friday’s closing price, would cost Cloverdell Investment, an affiliate […]