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