290 Crore raised by Dhanlaxmi Bank from PEs
Cochin: Dhanlaxmi Bank has raised 
290.53 crore from a group of PE investors by way of preferential allotment.
2.07 Million shares were allotted by Dhanlaxmi Bank at 140 per share to WCP Mauritius Holdings (Wolfensohn Capital Partners), Customers Bancorp, Multiples Private Equity Fund and MKCP Mauritius Master Holdings II or any subsidiaries or affiliates of Mount Kellett Capital Partners.
As stated in the preferential issue each of these investors will hold up to 4.90 percent each in the bank. As part of its future growth strategy, the bank intends to use the capital to support its growing business needs and expansion plans.
290.53 crore from a group of PE investors by way of preferential allotment.
2.07 Million shares were allotted by Dhanlaxmi Bank at 140 per share to WCP Mauritius Holdings (Wolfensohn Capital Partners), Customers Bancorp, Multiples Private Equity Fund and MKCP Mauritius Master Holdings II or any subsidiaries or affiliates of Mount Kellett Capital Partners.
As stated in the preferential issue each of these investors will hold up to 4.90 percent each in the bank. As part of its future growth strategy, the bank intends to use the capital to support its growing business needs and expansion plans.