RBL Bank has informed that the Board of Directors at their meeting held on November 30, 2019 has intimated the following: as per the intimation dated November 30, 2019, the bank had received the confirmation for participation in the proposed Preferential Issue from Bajaj Finance; as per the letter dated November 29, 2019 received from BFL, it has neither sold nor transferred the equity shares of the RBL Bank during the past 6 months. However, basis its subsequent communication dated November 30, 2019, it has clarified that in their ordinary course of business, as a part of its lending business, they disburse loans to its customers against securities as collateral/pledge. In course of this business, the bank has, during the past 6 months, in order to recover the loan amount from their customers invoked the pledge of the securities, which in a few instances, also included the Bank's equity shares; Basis the above communication, the Bank shall seek clarification cum guidance and approval from the stock exchanges and/or regulatory authorities including SEBI that the same is as per the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and other applicable regulations; Further, the Bank shall ensure that any allotment to Bajaj Finance is done as per the applicable provisions of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and the applicable provisions of the Companies Act, 2013, and the rulesmade thereunder.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
| View more.. | |
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