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Board of RBL Bank appoves issue of up to 2.42 crore equity shares

Capital Market 

At meeting held on 30 November 2019

The Board of RBL Bank at its meeting held on 30 November 2019 has approved the raising of funds by issue of equity shares on private placement basis. The Board approved the issue of up to 2,42,38,310 equity shares aggregating up to Rs 825.79 crore to the following investors -

Bajaj Finance
East Bridge Capital Master Fund 1
FEG Mauritius Master Fund

Ishana Capital Master Fund
WF Asian Reconnaissance Fund.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, November 30 2019. 17:07 IST