 "RBL Bank raises Rs 364 cr from anchor investors")
Private sector lender RBL Bank on Thursday raised Rs 364 crore from 25 anchor investors.
The lender allotted 161.7 million shares at Rs 225 apiece to investors, which included nearly a dozen mutual funds. RBL Bank’s Rs 1,214-crore initial public offering (IPO) opens for Friday. The price band for the IPO is Rs 224-225.
About Rs 832 crore of the IPO is issue of fresh equity and the remaining Rs 382 crore is an offer for sale by existing investors.
The lender allotted 161.7 million shares at Rs 225 apiece to investors, which included nearly a dozen mutual funds. RBL Bank’s Rs 1,214-crore initial public offering (IPO) opens for Friday. The price band for the IPO is Rs 224-225.
About Rs 832 crore of the IPO is issue of fresh equity and the remaining Rs 382 crore is an offer for sale by existing investors.