Everstone Capital Asia Pte Ltd and Aion Capital Management Limited are looking to buy a significant minority stake in The Catholic Syrian Bank Limited. Catholic Syrian Bank is looking to sell a 30% stake. Everstone Capital and Aion Capital Management are bidding separately as Catholic Syrian Bank looks to raise about $100 million in equity, selling down shares to a clutch of six investors, holding 4.99% stake each.

JM Financial Limited (BSE:523405) is acting as financial advisor to Catholic Syrian Bank.