“Suryoday Small Finance Bank, a scheduled commercial bank, has raised ₹248 crore in equity funding through private placement, which the company intends to use for expansion plans,” reported Hindu Business Line.

Jerome Merchant + Partners advised the existing investor of Suryodaya Small Bank, Evolvence Capital, led by a team of partner Vishnu Jerome and associate Ravishankar M.

J Sagar Associates (JSA) advised Suryodaya Small Bank.

Deal value: INR 248 Crores

2019-04-03

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