Announced
Completed
Financials
Sources
Tags
India
Friendly
Acquisition
Minority
Single Bidder
Banks
Public
Private Equity
private sector bank
banking products
Completed
Domestic
Synopsis
Baring Private Equity Asia, one of the largest private alternative investment firms in Asia, led a consortium which completed a $211m investment in RBL Bank, an Indian private sector bank headquartered in Mumbai. Other investors included ICICI Prudential Life Insurance and Gaja Capital. The company raised the capital to help strengthen its balance sheet after it was hit with a 50% fall in June quarter profit due to provisions on doubtful loans doubled.
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