The Board of Directors of RBL Bank Ltd at its meeting held today i.e. November 30, 2019, have considered and approved the raising of funds by issuing of equity shares of the Bank on a private placement basis in accordance with the provisions of the Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and such other acts, rules and regulations as may be applicable, subject to approval of the Shareholders of the Bank.
The bank will issue upto 24,238,310 Equity Shares of face value of Rs. 10 at a price of Rs. 340.70 each aggregating upto Rs. 8,25,79,92,217.00 to the below investors
Bajaj Finance Limited ("BFL") - 4,402,700 shares or 0.97%
East Bridge Capital Master Fund I Ltd ("EBCMFL") - 4,402,700 shares or 0.97%
FEG Mauritius FPI Limited ("FMFL") - 2,527,140 shares or 0.56%
Ishana Capital Master Fund ("ICML") - 6,310,530 shares or 1.39%
WF Asian Reconnaissance Fund Limited ("WFARFL"), having investment decision control with Ward Ferry Management (BVI) Limited - 6,595,240 shares or 1.45%
The Board of Directors of the Bank based on the recommendation of the Nomination Committee have appointed Ms. Ranjana Agarwal (DIN: 03340032) as an Additional and Independent Director of the Bank w.e.f. November 30, 2019 for a term of 5 years subject to the approval of the shareholders of the Bank.
Shares of RBL Bank Ltd was last trading in BSE at Rs.373.8 as compared to the previous close of Rs. 381. The total number of shares traded during the day was 1421210 in over 18109 trades.
The stock hit an intraday high of Rs. 387.4 and intraday low of 366.5. The net turnover during the day was Rs. 536699018.