RBL Bank allots 5.77 crore equity shares under QIP

On 06 December 2019

Dec 06, 2019 04:12 IST capital market

RBL Bank announced that the Capital Raising Committee of the Board of the Bank at its meeting held on 06 December 2019 approved the issue and allotment of 5,77,00,000 equity shares to eligible qualified institutional buyers at an issue price of Rs. 351 per equity share (including a premium of Rs. 341 per equity share), aggregating to Rs. 2025.27 crore.

The QIP opened on 02 December 2019 and closed on 05 December 2019.

Consequent to the above allotment, the paid up share capital of the Bank has increased from 43,07,40,110 equity shares of Rs. 10 each aggregating Rs. 4,30,74,01,100 to 48,84,40,110 equity shares of Rs. 10 each aggregating Rs. 4,88,44,01,100.

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