Capital Small Finance Bank raises $11.7m from OIJIF

Date posted: Wednesday 27 November 2019

Punjab-based lender Capital Small Finance Bank raised ₹84 crore equity capital from mid-market private equity (PE) firm Oman India Joint Investment Fund (OIJIF), which will hold a 9.9% stake in the bank. The funding round also saw participation from Bengaluru-based PE fund, Amicus Capital Private Equity and Amicus Capital Partners India Fund, which had invested ₹38 crore in June and ₹5 crore, respectively, taking the total fund raise of the lender to ₹134 crore. Existing investor, Pi Ventures LLP also participated in the round.

(Dealstreet Asia)