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Clix Capital keen on stake in Catholic Syrian Bank

Commercial lending and leasing company Clix Capital is proposing to invest around Rs 600 to Rs 800 crore in Catholic Syrian Bank. Clix Capital is promoted by Genpact founder Pramod Bhasin and former GE Capital head Anil Chawla. The investment will get the firm a minority stake in the bank. The bank had been in talks with Canadian investor Prem Watsa-promoted Fairfax Corporation, but the talks fell through over differences on valuation. The bank’s MD and CEO CVR Rajendran has confirmed the talks with Clix Capital. Clix had bought GE Capital’s commercial lending and leasing business for $360 million, with the backing of American private equity fund Aion Capital.

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