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ICICI Pru, HDFC Standard take 10% stake in Capital SFB

ICICI Pru, HDFC Standard take 10% stake in Capital SFB

Friday, April 14, 2017, 8:19 AM

Two private life insurers, ICICI Prudential Life Insurance and HDFC Standard Life Insurance, and Pi Ventures LLP have taken a combined 14.7% stake in Punjab-based Capital Small Finance Bank. The amount infused by the three investors in Jalandhar-based CSFB is Rs 64.66 crore, taking its capital adequacy ratio to 24%. Each of the three have taken a 4.9% equity stake in the lender.
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