RBL Bank extends gain on plan to raise fund via preferential issue

RBL's board of directors is scheduled to meet on Saturday, November 30, 2019 to consider the raising of funds by way of issue of equity shares of the Bank on a preferential basis.

RBL Bank shares were up 4 per cent to Rs 383 on the BSE on Thursday, extending its Wednesday’s 6 per cent surge after the private sector lender announced that its board will meet on Saturday, November 30, to consider fund raising plan through preferential issue.

The counter has seen huge trading volumes today, with a combined 13.83 million equity shares changing hands on the NSE and BSE till 10:41 am. In comparison, the S&P BSE Sensex was up 0.11 per cent at 41,079 points.

“A meeting of the board of directors of the Bank is proposed to