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PEs, Institutional Investor Infuse $64M In Dhanlaxmi Bank

BY  TEAM VCC
The fundraising will boost capital adequacy requirement of the emerging bank.

Dhanlaxmi Bank has raised Rs 290 crore ($64.4 million) by selling 19.6 per cent stake through a preferential allotment to a group of private equity investors and Customers Bancorp Inc., a US banking services firm which is backed...

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