American private equity firm Warburg Pincus entered into definitive agreement to acquire 80% stake in Avanse Financial Services Ltd from Wadhavan Global Capital group. Wadhavan Global ‘s stake sale in Avanse follows its sale of its affordable housing finance business Aadhaar Housing Finance to PE firm Blackstone Group Lp for around Rs.3,000 crore in February, as part of its plans to tide over liquidity issues following the NBFC liquidity crisis that hit the sector in September after Infrastructure Leasing & Financial Services group defaulted on debt payments.