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RBL Bank opens QIP issue with floor price of Rs 352.57

Capital Market 

On 02 December 2019

The Capital Raising Committee of the Board of RBL Bank at its meeting held on 02 December 2019 has passed the following resolutions -

Determining the mode of raising of funds by way of issue of equity shares, through a QIP.

Authorised the opening of QIP on 02 December 2019.

Approved the floor price for the QIP being Rs 352.57 per equity share.

Approved the preliminary placement document dated 02 December 2019 in connection with the QIP.

The relevant date for QIP is 02 December 2019.

The Committee will meet on or after 05 December 2019 to consider and approved the issue price including discount, if any for the equity shares to be allotted to qualified institutional buyers pursuant to the QIP.

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

First Published: Mon, December 02 2019. 19:37 IST
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