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Punjab & Maharashtra Co-operative Bank revival: Find out the three group of investors bidding for the bank

: Saturday, February 20, 2021, 3:18 PM IST
Punjab & Maharashtra Co-operative Bank s revival: Find out the three group of investors bidding for the bank
On February 15, 2021, Reserve Bank Governor Shaktikanta Das said it has received three bids for the troubled Punjab Maharashtra Cooperative (PMC) Bank and the central bank is now evaluating the offers.
Now it is reported that a set of investors which included foreign players has shown interest in the beleaguered bank.
There is one consortium which includes Centrum group and Fintech
BharatPe, and another one is led by Surinder Mohan Arora, an Indian businessman. The third investor bidding for this bank is UK-based Liberty Group. ....

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Consortium of investors put in joint bid to acquire PMC Bank

Consortium of investors put in joint bid to acquire PMC Bank
PMC Bank bid: The potential consortium of investors includes Germany-based Alfa Pharma GmbH, Investment Fund (Mauritius), NexPact (Mauritius), Global Com Fin Investment LLC (Dubai) and Delhi-based Avtar Instalments
BusinessToday.In | February 20, 2021 | Updated 17:22 IST
Consortium of investors submitted a plan to acquire PMC Bank on February 1, 2021
A diversified group of investors have jointly bid for the crisis-hit lender Punjab and Maharashtra Co-operative (PMC) Bank. The potential consortium of investors includes a German agency advertising pharmaceutical merchandise, two Mauritius-based offshore buyers and a Dubai-based entity, The Economic Times reported.
As per the report, the consortium, led by Indian businessman Surinder Mohan Arora, submitted a plan on February 1, 2021, for the reconstruction of the bank. ....

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Team of diverse investors puts in bid for embattled PMC Bank

Team of diverse investors puts in bid for embattled PMC Bank
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Synopsis
A consortium, led by Surinder Mohan Arora, an Indian businessman, submitted a plan on February 1, 2021, for revival and conversion of PMC Bank into a small finance bank (SFB), subject to certain conditions and regulatory forbearance from RBI.
The 37-year-old multi-state co-operative bank, which has been under an administrator since 2019, has outstanding of over Rs 10,368 crore to depositors.
A diverse set of investors including a German firm marketing pharmaceutical products, two offshore investors based in Mauritius, and an overseas corporate entity in Dubai are part of a consortium that has bid for the failed lender Punjab & Maharashtra Co-operative (PMC) Bank. ....

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Consortium of investors put in joint bid to acquire PMC Bank

Consortium of investors put in joint bid to acquire PMC Bank
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