Board of AU Small Finance Bank approves fund raising up to Rs 9000 cr

20 Jul 2022 , 04:55 PM

The Board of AU Small Finance Bank at its meeting held on 20 July 2022 has approved raising of funds by issue of equity shares for an aggregate amount not exceeding Rs. 3,000 crore through private placement or qualified institutions placement (QIP) or preferential allotment or through a combination thereof or any other alternative mode, as may be considered appropriate, subject to approval of the shareholders and government/regulatory/ statutory approvals, and requirements, as applicable. The Board also approved borrowing/raising of funds for an amount not exceeding Rs. 6,000 crore, in one or more tranches, by issue of debt instruments including but not limited to Bonds and Non-Convertible Debentures or such other debt securities as may be permitted by RBI from time to time, and necessary approvals and requirements, as applicable.Powered by Capital Market – Live News