BENGALURU, June 27 (Reuters) – Indian private lender RBL Bank (RATB.NS), opens new tab said on Thursday it will raise up to 65 billion rupees ($779 million) through a combination of qualified institutional placement (QIP) of shares and debt sale.
The bank will raise 35 billion rupees through QIP and 30 billion rupees through issue of debt securities via private placement, according to an exchange filing.
This will be RBL’s first share issue via institutional placement since 2021 when the bank saw an abrupt management transition and the central bank increased scrutiny of the lender by temporarily appointing a director, opens new tab on its board amid reports of a large share of unsecured borrowing on its books.
Source: REUTER
