Sekhsaria hikes stake in Centurion Bank

Radha Madhav Investments, the investment arm of Narottam Sekhsaria, has increased its stake in Centurion Bank of Punjab by 0.66%. The company purchased 1 crore shares of the bank from Citigroup Venture Capital International Growth Partnership Mauritius, through a bulk deal on the Bombay Stock Exchange. The total size of the transaction was around Rs 40.46 crore. Following this transaction, the stake of Radha Madhav Investments in Centurion Bank of Punjab has risen to 3.21%.