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Thursday, May 26, 2011

Dhanlaxmi Bank Receives $64.4 million (INR 2.9 billion) From Private Equity Investors & Customers Bancorp Inc.

Date:26/5/11,
Private Equity,

Dhanlaxmi Bank receives $64.4 million (INR 2.9 billion) from private equity investors and Customers Bancorp Inc. Dhanlaxmi Bank Ltd dilutes 19.6 % stake through a preferential allotment to a group.
Besides Customers Bancorp Inc., Mount Kellet Capital (a private equity firm run by former Goldman Sachs partner Mark McGoldrick), Wolfensohn Capital Partners (equity fund promoted by former World Bank chief James Wolfensohn) and Multiples (private equity firm started by former ICICI Ventures’ chief Renuka Ramnath) invested in the Thrissur-based private bank.
All the four investors picked 4.9% stake at a price of  INR 140 per share, 16.6%  premium to the closing price of Dhanlaxmi Bank on Wednesday.
Posted by Baigalla madhan at 12:06 AM

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HI I'am Baigalla Madhan behalf of (Universalfacts) My Blog, provides complete information of online financials data services which includes ,,, Private Equity (Asset Managers) (Investments), Venture Capital (Asset Managers) (Investments), M&A, IPO, Funds (Private Equity and Venture Capital Funds), Deals (Private Equity deals, Venture Financing Deals (series A to G), Strategic and M&A Deals), Limited Partners, Advisors Firms, Public Equity, Financials Reports...

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