Tag: RBI Approval

A consortium of five investors led by Gaja Capital is seen as the front-runner for Nainital Bank, a wholly owned subsidiary of Bank of Baroda. Piramal Alternatives, the private equity arm of Ajay Piramal-led Piramal Capital, Paragon Partners founded by Siddharth Parekh, Burman Family Holdings, the family offices of the FMCG major Dabur’s promoters, and the family office of Shiv Nadar, chairperson of HCL Technologies, are said to be part of this consortium. Other investors who have likely shown interest in the bank include a consortium of investors...