Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stake Sale

| More

RBL Bank Completes Capital Raise of Rs 1,680 Crore

Posted On: 2017-08-16 19:44:15

RBL Bank, one of India's fastest growing private sector banks, today announced that it has successfully completed the capital infusion of Rs. 1680 Cr. from a set of marquee investors. The Bank had received approval for the capital raise from its Board of Directors on July 07, 2017 followed by approval from its shareholders at its AGM held on August 04, 2017.

The Bank has issued 32,621,354 equity shares on preferential basis at a price of Rs 515 per share, adding Rs 16,799,997,310 in the paid up capital of the bank.

Some of the key investors who have participated in this capital raise are CDC Group Plc, Multiples Alternate Asset Management, HDFC Standard Life Insurance Company, Global IVY Ventures, ICICI Lombard General Insurance Company and Steadview Capital. Motilal Oswal Investment Advisors Private Limited acted as advisors to the transaction.

Vishwavir Ahuja, MD and CEO, RBL Bank said, "We are extremely happy that such an illustrious set of investors have shown confidence in the banks' ability to scale higher. RBL Bank is well poised to capitalize on the various growth opportunities available through both the organic as well as inorganic route. This infusion will give us the desired flexibility and enable us to maintain our growth momentum".

Srini Nagarajan, Managing Director and Head of South Asia, CDC Group Plc said, "We strongly support RBL Bank's strategy to expand and provide a range of financial services to under-served parts of the market. CDC's further equity investment is made on the back of the bank's strong performance since our original investment in 2014 and will continue to support the bank's commitment to financial inclusion, as well as the financing of SMEs and agribusiness."

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Navin Fluorine International Ltd allots 5250 shares
IIFL Holdings Limited allots 414100 shares
AXIS Bank allots 173950 shares
HDFC Standard Life Insurance Company Ltd allots 202012 shares
InterGlobe Aviation Ltd allots 93780 shares
Shoppers Stop Ltd allots 9618 shares
SORIL Holdings and Ventures Ltd allots 41 lakh shares
Praj Industries Ltd allots 86500 shares
Intellect Design Arena Ltd allots 194750 shares
Fomento Resorts and Hotels Ltd approves fund raising of Rs. 400 crores
ITC Ltd allots 49,26,810 shares
Frontier Informatics to approve allotment of 60 lakh shares
Manappuram Finance Ltd allots 5,63,730 shares
Titagarh Wagons Ltd allots 48750 shares
IndusInd Bank Limited allots 2000 shares
Bharat Financial Inclusion Ltd allots 53859 shares
The Phoenix Mills Ltd allots 3000 shares
Cholamandalam Investment and Finance Company Ltd allots 12496 shares
ICICI Bank Ltd allots 491760 shares
Everest Industries Ltd allots 7530 shares
Salzer Electronics Ltd allots 500000 shares
Indiabulls Ventures Limited allots 82,948,313 Partly paid up Equity Shares
IDFC Bank allots 360,550 shares
RBL Bank Ltd allots 96580 shares
HDFC Bank raises Rs. 23 billion through Rupee Denominated Bonds
JM Financial Ltd allots 83085 shares
KJMC Corporate Advisors India Ltd allots 790000 warrants
Ujjivan Financial Services Ltd allots 63956 shares
Best Steel Logistics Ltd allots 72 lakh shares, 48 lakh warrants
Firstsource Solutions Ltd allots 18225 shares
L&T Finance Holdings Ltd approves allotment of 63,051,702 Equity Shares
Himachal Futuristic Communications Ltd approves redemption of 20,12,500 CRPS
Gayatri Projects Ltd allots 99,46,785 Equity Shares
V-Guard Industries allots 1,12,039 equity shares
EROS International Media Ltd approves issue of 10022 shares
Vantage Corporate Services Ltd calls for Board Meeting on Mar 20, 2018
Shalimar Wires Industries Ltd approves allotment of 51,50,000 shares
Orient Green Power Company Ltd approves allotment of 1,09,24,302 Equity Shares at Rs. 12.55
L&T Finance Holdings successfully closes QIP of upto Rs. 1000 crore
GRUH Finance Ltd allots 28,225 equity shares
Mphasis Ltd allots 480 shares
ICICI Bank allots 173,825 shares
Foods and Inns Ltd allots 36000 shares on conversion of warrants
MSP Steel & Power Ltd to allot shares, OCDs
Jindal Steel & Power Ltd to consider QIP on Mar 16, 2018
AXIS Bank allots 2,96,750 equity shares
PNB Housing Finance Ltd to consider fund raising through debt issue
Bhartiya International Ltd allots 11849 shares
Tech Mahindra Ltd allots 75924 shares
Tanvi Foods India Ltd approves preferential issue

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018