Oman India Joint Investment Fund II (OIJIF), a mid-market private equity firm co-sponsored by State Bank of India (SBI) and State General Reserve Fund of Oman (SGRF), on Monday said it had invested Rs 84 crore for a 9.90 per cent stake in Punjab-based in Capital Small Finance Bank.
Existing Investors Amicus Capital Private Equity, Amicus Capital Partners India Fund and Pi Ventures also participated in this round. The bank also counts HDFC Life, ICICI Prudential Life and Small Industries Development Bank of India (Sidbi) among its investors. Edelweiss was the financial advisor to the bank for the transaction.
Founded by Sarvjit Singh Samra in the year 2000 as a local area bank, Capital Small Finance Bank has emerged as a leading bank in Punjab. It was one of the two non-micro finance institutions out of the 10 entities (72 applicants) that received the Reserve Bank’s ‘in-principle’ approval to set up a small finance bank (SFB
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