Oriental Bank of Commerce (OBC) is planning to raise Rs.800 crore through debt instruments to fund its expansion plans.
Innovative perpetual debt instruments (tier one capital) will be issued to raise Rs.300 crore, while tier two capital will be issued to raise Rs.500 crore in the current financial year to support the bank's business plans.
Former Goldman Sachs Managing Director Heramb Hajarnavis has been appointed by KKR India Advisors as Director and he will be based in Mumbai. At KKR, Hajarnavis will work closely with Sanjay Nayar, member of KKR and CEO ...
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.