RBL Bank Approves Issue Of Preferential Shares

The board of RBL Bank has approved the proposal to issue 32,621,354 equity shares of face value Rs 10 per share on preferential basis to the one or more of the following prospective investors at a price of Rs 515 per equity share totalling to Rs 1680 crore, subject to applicable regulatory approvals and the approval of the shareholders at the forthcoming annual general meeting.

The purpose of this capital raise is to augment the bank’s tier 1 capital for supporting the future organic growth of business as well as enabling the bank to capitalize on inorganic opportunities and for other general corporate purposes.

ABG Capital

CDC Group PLC

Global IVY Ventures LLP

HDFC Standard Life Insurance Company Limited

ICICI Lombard General Insurance Company Limited

LTR Focus Fund

Multiples Private Equity Fund II LLP

Plenty CI Fund I Limited

Plenty Private Equity Find I Limited

Steadview Capital Mauritius Limited

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