Ratnakar Bank raising $54M in another round of PE funding | VCCircle
Join us : Twitter Facebook Linkedin Youtube

Search form

Home >> Private Equity >>
print icon

Ratnakar Bank raising $54M in another round of PE funding 

BY  Bruhadeeswaran R
The unlisted private bank is backed by names like HDFC, Norwest Venture Partners, Beacon India PE, TVS Capital & Samara Capital, among others.

Ratnakar Bank is set for another round of fresh equity infusion in which the unlisted private bank is expected to raise around Rs 300 crore ($54 million) from a few existing investors, as well as from new investors, sources told VCCircle. The deal is expected to be complete by March 2013.

The Kolhapur-based bank already counts 10 players as its investors and the future deal will involve multiple players, similar to its last deal.

In early 2011, Ratnakar Bank raised equity funding from India’s largest mortgage lender HDFC Ltd and a consortium of private equity investors including Norwest Venture...

Register Now
Already registered? Login

A Premium membership gives you:

  • Access to all premium articles including exclusives, analyses & commentary.
  • Access to archives of over six years.
  • Exclusive interviews with top fund managers, CEOs and bankers.
Get Access
Enter your VCCircle username.
Enter the password that accompanies your username.
Advertisement

chinetwork

Copyright © 2014 VCCircle.com.
A property of Mosaic Media Ventures Pvt Ltd.