India's Ratnakar Bank raises $55m from investors
India's Ratnakar Bank has raised INR3.28 billion ($54.6 million) from a consortium of investors, including CDC Group and Asia Capital & Advisors, in return for a minority stake.
The sum includes CDC's recently disclosed investment of $28 million for a 4.8% stake, which valued the bank at INR35 billion. The round brings Ratnakar's total disclosed private funding to date to more...
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