FROM GAJA CAPITAL,KOTAK LIFE AND OTHER 4 INVESTORS TO FUND GROWTH SURYODAY SMALL FINANCE BANK RAISES Rs. 62 CRORE

Suryoday Small Finance Bank Ltd has raised Rs.62.14 crore in equity funding through a private placement offer from five of its existing investors including Gaja Capital, private insurer Kotak Mahindra Life Insurance Co.Ltd, said a senior official at the scheduled commercial bank in an exclusive interaction.

Three other investors that helped the Navi Mumbai based bank in raising funds include-Impact investor Lok Capital, New-York based financial services firm Teachers Insurance and Annuity Association fund (TIAA), and Kolkata-based LNB Group's investment arm Kiran Vyapar.

Sandip Ginodia , Director

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