Key Quantitative Figures

  • Existing Shareholding: 2,500 equity shares of Saraswat Bank
  • Credit Exposure: Approximately ₹89 Crores with Saraswat Bank
  • Subscription Amount: ₹2,21,49,000 (₹22.15 Crore)
  • Shares to be Subscribed: 22,14,900 equity shares of ₹10 each
  • Post-Subscription Holding: 22,17,400 equity shares of ₹10 each

Transaction Details

  • Consideration Type: Cash consideration
  • Regulatory Framework: Share-linkage of up to 2.5% of secured borrowings permitted under applicable norms
  • Relationship: Existing lender-borrower relationship with credit facilities of approximately ₹89 Crores
  • Purpose: Strengthen banking engagement and comply with share-linkage requirements
  • Completion Timeline: Expected to be completed in due course subject to formalities

Target Entity Details

Saraswat Co-operative Bank Limited

  • Incorporation: 14th September, 1918
  • Business: Banking and financial services including retail banking, wholesale banking and treasury operations
  • Governance: Banking Regulation Act, 1949 and Multi-State Co-operative Societies Act, 2002
  • Financial Details (as on 31st March, 2025):
  • Authorized Share Capital: ₹100,00,00,000
  • Subscribed Share Capital: Equity Shares - 32,01,75,196 of ₹10 each; Preference Shares - 61,59,400 of ₹10 each
  • Total Income: ₹5,064.53 Crores
  • Own Funds: ₹5,484.91 Crores

Historical Financials of Saraswat Bank

| Year Ended | Total Income (₹ Crores) |

| 31.03.2025 | 5,064.53 |

| 31.03.2024 | 4,443.17 |

| 31.03.2023 | 3,967.44 |

Regulatory and Governance Aspects

  • Not Related Party Transaction: No promoter/promoter group interest
  • Voting Rights: No proportionate increase in voting rights under "one member, one vote" principle of Multi-State Co-operative Societies Act, 2002
  • Strategic Intent: Not a strategic investment; no objective of acquiring ownership, management or control
  • Management Impact: No change in management, control or governance of Saraswat Bank