INSUBCONTINENT EXCLUSIVE:
MUMBAI: Temasek, Singapore government owned investment company has acquired 4.8 per cent stake in AU Small Finance Bank with an investment
This is the largest primary capital infusion in AU Bank and its first ever since their last raise in fiscal 2012
Its Rs.1913-crore IPO last year was a complete Offer-for-Sale with no infusion in the bank, said a company statement.
Camas Investments Pte
Ltd., a wholly-owned subsidiary of Temasek, will invest in the small finance bank through a preferential allotment of shares and convertible
Company received its shareholders approval in an EGM held on June 15, 2018
AU Bank has other private equity investors like IFC, Warburg Pincus, ChrysCapital and Kedaara Capital which made part exit through the IPO
AU Bank clocked a disbursements growth of more than 60 per cent, AUM growth of 50 per cent and mobilized Rs.8000 crore of deposits, in FY18
As of 31 st March 2018, AU Bank had expanded its branch network to over 500 touch points including 306 bank branches, 97 asset centers, 89
strengthen our presence in both the digital and the physical marketplace." From an asset size of $3.5 billion, we plan to grow to a size of
$10 billion by 2022, he told ET
During IPO, investors International Finance Corporation, Kedaara Capital, MYS Holdings Pvt
Ltd, Warburg Pincus and ChyrsCapital sold about 19 per cent stake via an Offer -for- Sale
Offer for sale included a 3 per cent stake sold by promoters Sanjay Agarwal and family members
Temasek, which has deployed more than $10 billion in India till date, has signed multiple large deals in this year.
Last month, Temasek and
PayPal invested $125 million in Point-of-sales (PoS) deploying company Pine Labs
It had acquire minority stake in IT firm UST Holdings this year.
