CVC has an exclusivity agreement with ValueLabs, founded in 1997 by Arjun Rao Donakanti (87% owner). Promoters may retain 15–20% and management will continue running the firm.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs