Business Standard

RBL Bank stock rises nearly 4 pc ahead of board meeting


Press Trust of India New Delhi
Shares of RBL Bank on Thursday continued to rise for a second consecutive session ahead of its board meeting to consider fundraising.
The stock opened at Rs 370 and gained 3.63 per cent to close at Rs 381 on the BSE. It hit an intra-day high of Rs 391.05, up 6.36 per cent.
On the NSE, the stock settled 3.66 per cent up at Rs 381. During the day, it traded 6.43 per cent higher at Rs 391.20.
Over 19 lakh shares of the company were traded on the BSE, while NSE saw a trade of over 3 crore shares.
The stock has gained 9.65 per cent since Wednesday after the company announced that a board meeting will be held on Saturday to consider fundraising by issue of equity shares on a preferential basis.
"A meeting of the board of directors of the bank is proposed to be held on Saturday, November 30, 2019, to inter alia consider and if thought fit to approve: raising of funds by way of issue of equity shares of the bank on a preferential basis," the lender said in a regulatory filing on Wednesday.
The bank's stock had settled 5.8 per cent up on Wednesday after the announcement.

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First Published: Nov 28 2019 | 5:25 PM IST

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