AU Small Finance Bank is planning to raise funds by issue of equity shares 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 shareholders approval and government/regulatory/ statutory approvals, and requirements, as applicable.
The bank is also planning to borrow/raise funds by issue of debt instruments including but not limited to Bonds and Non-Convertible Debentures (NCDs) or such other debt securities as may be permitted by RBI from time to time, subject to necessary approvals and requirements, as applicable. The Board of Directors of the Bank will be held on June 29, 2023, inter alia, consider and approve the same.
AU Small Finance Bank is a small finance bank (SFB) that has recently transitioned from a prominent, retail focused nonbanking finance company (NBFC), which primarily served low and middle-income individuals and businesses that have limited or no access to formal banking and finance channels.
Company Name | CMP |
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HDFC Bank | 1573.85 |
ICICI Bank | 1119.65 |
Axis Bank | 1187.45 |
Indusind Bank | 1483.45 |
Kotak Mahindra Bank | 1715.50 |
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