NEWS & VIEWS

Global private equity and venture capital news and research

Private equity investors pick up $55m Ratnakar Bank stake

14 Jan 2013

Private equity investors Aditya Birla Private Equity, Norwest Venture Partners and Faering Capital are reportedly among a group that has bought an INR3bn ($55m) stake in India’s Ratnakar Bank.

The Times of India said the investment was the second in Ratnakar by Norwest and Faering, and would be used to grow loans in a country where demand for credit is at about 17 per cent, citing two people familiar with the deal.

The report said Gaja Capital, GPE (India), Argonaut Ventures, and UTI invest Advisory were the other investors.

Last week Aditya Birla Capital Advisors also agreed a partial exit for Credit Analysis & Research through the sale of a 1.16 per cent stake for INR310m ($5.7m).

The deal represented a quarter of Aditya’s stake in the credit ratings agency following the company’s IPO in December 2012. It now holds a 3.1 per cent stake in the company.

Copyright © 2013 AltAssets

FUNDRAISING & INVESTOR RELATIONS


Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014