RBL Bank approves fund raising of Rs. 3500 crore

The board of directors of RBL Bank Ltd at its meeting held today, have approved raising of funds aggregating up to Rs. 3,500 crore, including through issuance of equity shares / depository receipts and other securities including through QIP / GDRs / ADRs / FCCBs, or such methods, subject to such regulatory / statutory approvals as may be required, including approval of shareholders of the Bank, at the ensuing Annual General Meeting of the Bank.

Shares of RBL Bank Ltd was last trading in BSE at Rs.680.95 as compared to the previous close of Rs. 668.2. The total number of shares traded during the day was 94648 in over 1742 trades.

The stock hit an intraday high of Rs. 683 and intraday low of 668.7. The net turnover during the day was Rs. 64251164.

Source : Equity Bulls

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