Capital SFB Receives Equity Investment from Max Life Insurance Company Limited

Mumbai, June 19 Capital Small Finance Bank, India's first small finance bank is pleased to announce that it has secured an equity investment from Max Life Insurance Company Limited, one of the prominent life insurance providers in the country.

Max Life Insurance Company Limited has been allotted a total of 10,57,700 equity shares. Each equity share has a face value of ₹10.

Additionally, a premium of ₹458 per equity share has been paid. The total consideration for this allotment amounts to ₹49,50,03,600. As a result of this allotment, Max Life Insurance Company Limited now holds a 2.99% stake in the post-issue equity shareholding. This investment by Max Life Insurance Company Limited signifies the confidence and trust of industry leaders in the growth potential of Capital Small Finance Bank.

Sarvjit Singh Samra, MD & CEO, Capital Small Finance Bank said, "We are thrilled to announce the equity investment from Max Life Insurance Company Limited, a renowned life insurance provider in the country. This investment marks a significant milestone for Capital Small Finance Bank and reinforces our commitment to delivering exceptional value to our customers. It is a testament to the strength of our bank and the trust that Max Life Insurance Company Limited has placed in us"

The pre-money valuation is calculated to be ₹1603.01 million, representing the bank's estimated worth before any additional investments or funding. On the other hand, the post-money valuation is determined to be ₹16525.15 million, reflecting the bank's estimated

value after considering the infusion of funds or investments.

As of May 31, 2023, this strategic investment is projected to increase

the Capital Adequacy Ratio (CAR) of Capital Small Finance Bank by more

than 1%, raising it to ~20.77%. This significant enhancement reflects

the bank's commitment to maintaining regulatory compliance and

strengthening its financial position.

Capital Small Finance Bank is delighted to welcome Max Life Insurance

Company Limited as an esteemed strategic investor. This collaboration

represents a strong partnership between two reputable financial

institutions, sharing a common goal of driving growth, delivering

innovative solutions, and ensuring customer satisfaction.

The investment by Max Life Insurance Company Limited reaffirms Capital

Small Finance Bank's position as a key player in the financial

services industry. The bank remains dedicated to its mission of

providing comprehensive banking services to individuals, MSMEs, and

businesses, while continuously enhancing value for its stakeholders

and shareholders.