AION Capital Partners in race to buy significant minority stake in Lakshmi Vilas Bank, says report
Updated : September 18, 2018 10:37 AM IST
Blackstone, Carlyle, True North and strategic investors such as DBS are already in the race to acquire stake in the bank.
The company is expected to close the deal by the end of this year.
The banker is looking to raise capital through qualified institutional investors or preferential allotment.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more