Bank of Rajasthan divesting 10% stake to raise Rs 167 cr

Jaipur-based private lender Bank of Rajasthan is set to divest nearly 10 per cent stake in the bank to raise upto Rs 167 crore. "The bank will allot shares and convertible warrants to four private equity players - Glasia Mauritius II Ltd, BNP Paribas S A, Shree Naman Developers and Darashaw & Company, who will together invest nearly Rs 167 croe," a source said.