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 ...
Deutsche Securities Mauritius Limited has sold its 1.95 percent stake in Jubilant Life Sciences Limited, a global life sciences and pharmaceutical company, for just over INR122 crore. The sale of the stake was performed as an open market transaction, and purchased by Citigroup Global Markets Mauritius Pvt. Ltd.