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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Bandhan raises funds from Singapore’s GIC

Posted on 12 May 2015

Bandhan Financial Services has raised Rs 1020 crore equity from International Finance Corporation, Singapore’s sovereign wealth fund GIC and Small Industries Development Bank of India, its chairman and managing director Chandra Shekhar Ghosh told ET Monday.
GIC has invested Rs 640.87 crore while IFC has pumped in Rs 344 crore into Bandhan, India’s first microfinance lender to get an in-principle approval to set up a bank. Sidbi has invested Rs 35 crore afresh. GIC is first time investor in Bandhan while IFC’s shareholding in the company will raised from 10.9%. Ghosh did not divulge the latest shareholding structure. Sidbi is also an existing shareholder………………………………………..Full Article: Source


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