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BanyanTree fully exits City Union Bank with above-par returns

By Debjyoti Roy

  • 06 Apr 2018
Premium
BanyanTree fully exits City Union Bank with above-par returns
Credit: Manni Das/VCCircle

Private equity firm BanyanTree has sold its entire stake in City Union Bank with high returns, almost four years after investing in the private-sector lender.This marks BanyanTree’s third exit from its second fund, BanyanTree Growth Capital II, the PE firm said in a statement.The PE firm had, in October 2016, ......

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