INSUBCONTINENT EXCLUSIVE:
MUMBAI: Private equity fund Gaja Capital has sold a part of its stake in RBL Bank for an undisclosed sum via a block deal making eight times
The shares were sold to US based mutual fund Wasatch Funds.
Gaja Capital managing partner Gopal Jain confirmed the deal but declined to give
This has been a successful story as the bank has done really well
After this second exit, the bank will hold 1.50 per cent of RBL
It had partly sold some shares when the bank went public in August 2016
Gaja which invested through its fund GPE (India) owned 1.64 per cent of the bank before the latest sale.
