Adani Enterp. 2496.45↓-37.60(-1.48%)
Adani Ports 734.05↓-3.45(-0.47%)
Apollo Hospitals 4599.15↓-41.30(-0.89%)
Asian Paints 3144.40↑7.00(0.22%)
Axis Bank 937.45↑7.65(0.82%)
B P C L 360.40↓-1.30(-0.36%)
Bajaj Auto 4591.90↓-26.60(-0.58%)
Bajaj Finance 7005.80↑73.75(1.06%)
Bajaj Finserv 1465.85↑16.30(1.12%)
Bharti Airtel 818.45↓-2.80(-0.34%)
Britannia Inds. 4573.25↓-2.00(-0.04%)
Cipla 959.85↑3.60(0.38%)
Coal India 244.30↓-1.80(-0.73%)
Divi's Lab. 3458.00↓-19.85(-0.57%)
Dr Reddy's Labs 4518.90↓-37.35(-0.82%)
Eicher Motors 3678.35↓-33.10(-0.89%)
Grasim Inds 1725.15↑11.85(0.69%)
H D F C 2693.35↑2.80(0.10%)
HCL Technologies 1135.85↑9.65(0.86%)
HDFC Bank 1636.75↑1.25(0.08%)
HDFC Life Insur. 585.15↑6.10(1.05%)
Hero Motocorp 2779.15↑2.25(0.08%)
Hind. Unilever 2656.55↑6.25(0.24%)
Hindalco Inds. 413.10↓-6.80(-1.62%)
ICICI Bank 949.95↑1.80(0.19%)
IndusInd Bank 1293.25↑8.30(0.65%)
Infosys 1323.85↑9.45(0.72%)
ITC 449.90↑0.80(0.18%)
JSW Steel 704.60↑2.40(0.34%)
Kotak Mah. Bank 1974.70↑21.50(1.10%)
Larsen & Toubro 2210.80↓-13.75(-0.62%)
M & M 1328.45↓-1.70(-0.13%)
Maruti Suzuki 9383.35↑49.85(0.53%)
Nestle India 21574.45↓-155.00(-0.71%)
NTPC 176.80↑0.50(0.28%)
O N G C 158.85↓-0.15(-0.09%)
Power Grid Corpn 235.10↑0.60(0.26%)
Reliance Industr 2519.95↓-0.65(-0.03%)
SBI Life Insuran 1215.90↓-2.20(-0.18%)
St Bk of India 592.80↓-2.20(-0.37%)
Sun Pharma.Inds. 959.60↓-8.85(-0.91%)
Tata Consumer 790.90↓-3.35(-0.42%)
Tata Motors 518.80↓-2.65(-0.51%)
Tata Steel 107.05↓-1.40(-1.29%)
TCS 3316.20↓-4.15(-0.12%)
Tech Mahindra 1098.40↓-15.65(-1.40%)
Titan Company 2802.50↓-9.75(-0.35%)
UltraTech Cem. 7901.95↑61.40(0.78%)
UPL 689.05↓-0.95(-0.14%)
Wipro 402.50↑2.70(0.68%)

Oman India Joint Investment Fund II buys 9.9% in Capital SFB for Rs 84 cr

The current round of fundraising will help the bank deepen its penetration in Punjab and expand into Haryana, Rajasthan and NCT of Delhi, with a significant focus on MSME loans

Premium

3 min read Last Updated : Nov 26 2019 | 5:11 PM IST

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