RBL Bank has successfully completed the capital infusion of Rs 1,680 crore 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 acted as advisors to the transaction.
RBL Bank is one of India’s fastest growing private sector banks with an expanding presence across the country.
