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RBL Bank informs about outcome of committee meeting

06 Dec 2019 Evaluate

In continuation of earlier letter dated December 2, 2019, RBL Bank has informed that the Capital Raising Committee (Committee) at its meeting held today, December 6, 2019, approved the issue and allotment of 57, 700,000 Equity Shares to eligible qualified institutional buyers at an issue price of Rs 351.00 per Equity Share (including a premium of Rs 341.00 per Equity Share), aggregating to Rs 20,252. 70 million. The QIP opened on December 2, 2019 and closed on December 5, 2019, and the same was intimated to you through its letters dated December 2, 2019 and December 5, 2019, respectively. The list of allottees who have been allotted more than 5% of the Equity Shares in the QIP is enclosed herewith as Annexure I. Consequent to the above allotment, the paid up share capital of the Bank has increased from 43,07,40, 110 equity shares of Rs 10 each aggregating Rs 4,30, 7 4,01, 100 to 48,84,40, 110 equity shares of Rs 10 each aggregating Rs 4,88,44,01, 100. The Committee meeting commenced at 8:55 am and concluded at 9:05 am. 

The above information is a part of company’s filings submitted to BSE.

RBL Bank Share Price

315.75 -0.25 (-0.08%)
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