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Board of RBL Bank approves allotment of 1.98 cr equity shares on preferential basis

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Capital Market
Last Updated : Dec 31 2019 | 10:04 AM IST

At meeting held on 30 December 2019

The Board of RBL Bank at its meeting held on 30 December 2019 has approved the issue and allotment of 1,98,35,610 equity shares of Rs 10 each on preferential basis at a price of Rs 340.70 per share, aggregating to Rs 675,79,92,327.

Consequent to the above allotment, the paid up share capital of the Bank has increased from 48,84,40,110 equity shares of Rs. 10 each aggregating Rs. 488,44,01,100 to 50,82,75,720 equity shares of Rs. 10 each aggregating Rs. 508,27,57,200.

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First Published: Dec 31 2019 | 9:52 AM IST

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