Capital Small Finance Bank mentioned it has secured an fairness funding of little greater than ₹49.5 crore from Max Life Insurance Company Ltd. which has been allotted a complete of 10,57,700 fairness shares.
Equity shares with face worth of ₹10 have been allotted at a premium of ₹458 per fairness share. With this, Max Life Insurance Company Ltd. now holds 2.99% stake in the post-issue fairness shareholding.
Sarvjit Singh Samra, MD & CEO, Capital Small Finance Bank, mentioned, “This investment marks a significant milestone for Capital Small Finance Bank and reinforces our commitment to delivering exceptional value to our customers. It is a testament to the strength of our bank and the trust that Max Life Insurance Company Limited has placed in us”
