Adds particulars, background, shares
Adds particulars, background, shares
BENGALURU, Oct 31 (Reuters) – India’s Sure Financial institution Ltd YESB.NS mentioned on Thursday it has acquired a binding provide of $1.2 billion from a worldwide investor because the private-sector lender seems to boost capital via a contemporary difficulty of shares, sending its inventory 39% increased.
The financial institution said it was in superior talks with different buyers as effectively.
The lender’s Chief Govt Officer Ravneet Gill had mentioned in September that the financial institution was near securing a deal to promote a minority stake to a worldwide know-how firm.
Information channel CNBC TV18 mentioned citing sources that Hong Kong-based SPGP Holdings was the investor and that the financial institution’s board was prone to contemplate all proposals on Nov. 1, when it is because of report quarterly outcomes.
Sure Financial institution didn’t instantly reply to Reuters’ request for particulars on the provide.
In August, Sure Financial institution raised practically $275 million by way of a…