The promoters have roped in three private equity investors who will pick up a 25 per cent stake between them.
The three investors in the proposed bank are Chrys Capital (formerly Chrysallis Capital), New Bridge Capital and CVC International, a private equity arm of Citigroup. Chrys Capital and CVC International had earlier this year taken a 3.84 per cent stake each in UTI Bank.
Sources said new equity investors were taking the stake in the bank at around Rs 13-15 per share, thus offering a small premium.
These investors are being issued shares worth Rs 50 crore, representing a 25 per cent stake in the bank. They are likely to get board seats.
"The entire process will be concluded next week," a source familiar with the development said.
