trending Market Intelligence /marketintelligence/en/news-insights/trending/MRBR6JLxy9gtTsIei5xiVg2 content esgSubNav
In This List

RBL Bank to raise up to 8.26B rupees via share issuance


S&P Capital IQ Pro | Powering Your Edge


Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter


S&P Capital IQ Pro | Unrivaled Sector Coverage


Banking Essentials Newsletter: September Edition

RBL Bank to raise up to 8.26B rupees via share issuance

RBL Bank Ltd. plans to raise up to 8.26 billion Indian rupees via an issuance of equity shares to five investors on a private placement basis.

The bank will issue up to 24,238,310 equity shares to Bajaj Finance Ltd., East Bridge Capital Master Fund I Ltd., FEG Mauritius FPI Ltd., lshana Capital Master Fund and WF Asian Reconnaissance Fund Ltd., according to a Nov. 30 filing with the BSE.

In addition, RBL Bank appointed Ranjana Agarwal to be an additional independent director, effective Nov. 30, for a term of five years. Agarwal is a board member of rating company ICRA Ltd. and a few other listed companies.

As of Nov. 29, US$1 was equivalent to 71.76 Indian rupees.