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RBL Bank Said To Launch Up To Rs 1,500-Crore Share Sale In A Week: Exclusive

RBL Bank will use the funds raised via a share sale and QIP to improve its capital adequacy ratio by at least 200 basis points.

A RBL Bank branch in Mumbai. (Photo: BloombergQuint)
A RBL Bank branch in Mumbai. (Photo: BloombergQuint)
RBL Bank Ltd. is looking to raise about Rs 1,500 crore (around $200 million) within a week through a share sale that would be a mix of a preferential issue and a qualified institutional placement, according to two people privy to the development.The private lender recently concluded roadshows and met with several investors, said one of the persons cited earlier. The bank, the person said asking not to be identified as the details are...
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