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Two private life insurers, ICICI Prudential Life Insurance and HDFC Standard Life Insurance, and Pi Ventures LLP have taken a combined 14.7 per cent stake in Punjab-based Capital Small Finance Bank.
The amount infused by the three investors in Jalandhar-based CSFB is Rs 64.66 crore, taking its capital adequacy ratio to 24 per cent. Each of the three have taken a 4.9 per cent equity stake in the lender, whose total business stood at Rs 3,750 crore at March-end, said its managing director, Sarvjit Singh Samra.
KPMG was financial advisor for this transaction.
CSFB, the country's first in the new category of Small
