Cochin: Dhanlaxmi Bank has raised Rs.290.53 crore from a group of PE investors by way of preferential allotment.
2.07 Million shares were allotted by Dhanlaxmi Bank at Rs.140 per share to WCP Mauritius Holdings (Wolfensohn Capital Partners), Customers Bancorp, Multiples Private Equity Fund and MKCP Mauritius Master Holdings II or any subsidiaries or affiliates of Mount Kellett Capital Partners.
As stated in the preferential issue each of these investors will hold up to 4.90 percent each in the bank. As part of its future growth strategy, the bank intends to use the capital to support its growing business needs and expansion plans.
2.07 Million shares were allotted by Dhanlaxmi Bank at Rs.140 per share to WCP Mauritius Holdings (Wolfensohn Capital Partners), Customers Bancorp, Multiples Private Equity Fund and MKCP Mauritius Master Holdings II or any subsidiaries or affiliates of Mount Kellett Capital Partners.
As stated in the preferential issue each of these investors will hold up to 4.90 percent each in the bank. As part of its future growth strategy, the bank intends to use the capital to support its growing business needs and expansion plans.
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