RBL Bank to file DRHP with SEBI in a week

RBL Bank, which is an old private sector bank established in 1943, is planning to raise around Rs.1,450 through its initial public offering

Jun 18, 2015 03:06 IST India Infoline News Service

RBL Bank Ltd is set to file its draft red herring prospectus (DRHP) with SEBI (Securities and Exchange Board of India) within a week, according to a media report.

RBL Bank, which is an old private sector bank established in 1943, is planning to raise around Rs.1,450 through its initial public offering (IPO), the report added.

The bank has already hired investment banks to run the process. RBL raised Rs. 328 crore by selling fresh shares to UK government-owned development institution CDC Group Plc and Asia Capital and Advisors Pte Ltd along with existing shareholders International Finance Corp. and Gaja Capital.

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