/ RBL Bank Approves Issue Of Preferential Shares ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 7 July 2017

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
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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