.........The move by the bank follows its failed fund-raising attempt a month ago, after a group of investors from Mumbai snubbed the lender at the last hour. While the initial plan was to raise around Rs 233 crore, the bank could raise only Rs 30 crore from a couple of investors in the process. While Kapil Wadhawan, chairman and MD of Mumbai-based Dewan Housing Finance Corp Ltd, picked up around 3.34%, NRI businessman Ravi Pillai raised his stake to 4.9%.All other investors from Mumbai decided against investing in the bank. The fund-raising was meant to build a buffer with a higher capital adequacy ratio. ............
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