Other Private Equity/Strategic Investments
SBM Bank India appoints consultant for 26% stake sale
Mumbai-based SBM Bank India has initiated a process to sell a 26% stake as part of its efforts to raise capital for business expansion. The bank has appointed a consultant to manage the transaction and is currently at the Expression of Interest (EoI) stage.The company plans to use the proceeds from the stake sale as growth capital. This follows a capital infusion of INR 75-Cr from its parent entity, SBM Bank (Mauritius), in June, with an additional INR 75-Cr scheduled to be infused later this month.
For FY25, SBM Bank had reported about INR 741 Cr in Operating Income and about INR 403 Cr in Net loss.
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