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RBL Bank's board approves raising Rs 3,000 crore to fund business growth

The fund raising will be subject to the approval of the shareholders, the bank said in a regulatory filing.

Topics
RBL Bank | Fundraising | Shareholders

Press Trust of India  |  New Delhi 



Photo: Bloomberg
Photo: Bloomberg

on Monday said its board has approved raising up to Rs 3,000 crore to fund the lender's business growth.

The fund raising will be subject to the approval of the shareholders, the bank said in a regulatory filing.

Besides, the board has approved issuance of 1.75 crore additional equity stock options exercisable into equivalent number of equity shares fully paid up of Rs 10 each, in addition to residual/remaining options which remain ungranted under ESOP 2018.

As per the filing, the bank's board also cleared the appointment of two independent directors -- Gopal Jain, Managing Partner and Founder Gaja Capital, and Sivakumar Gopalan, Faculty of the Department of Computer Science and Engineering, IIT Bombay.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Mon, August 22 2022. 20:49 IST

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