The QIP's floor price was fixed at Rs 132.59 per equity share by the board last week.
The group is interested in increasing its stake in RBL Bank to 15-25%, contingent on obtaining approvals to be a strategic shareholder.
The appointment will be effective from August 1, 2023, according to the stock regulatory filing on July 25.
Recommendation: Add; Target price: Rs 143
Company's revenue from operations in the first quarter of the current fiscal year was Rs 2,935.2 crore.
Recommendation: Buy; Target price: Rs 5800
Recommendation: Buy; Target price: Rs 750
Recommendation: Reduce; Target price: Rs 460
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