RBL Bank on August 29 said its board has approved plans to raise up to ₹6,500 crore through a mix of equity and debt instruments, aimed at strengthening its capital base and supporting future growth.
The fundraise includes:
- Equity capital: Up to ₹3,500 crore through a Qualified Institutions Placement (QIP) of equity shares.
- Debt securities: Up to ₹3,000 crore, to be raised in one or more tranches via private placement.
QIP Plan
The private lender said the QIP issuance may take place in one or more tranches, depending on market conditions.
Debt Issuance
The debt securities will also be raised in tranches, offering flexibility for the bank to tap the market as needed.
Market Reaction
The announcement was made post-market hours on August 29. Earlier in the day, RBL Bank shares closed over 4% higher at ₹262 apiece, boosted by strong buying interest. Notably, Societe Generale acquired nearly 33 lakh shares of the lender at an average price of ₹250.57 apiece, according to NSE bulk deal data.
Disclaimer: This is for informational purposes only and not investment advice—please consult a financial advisor before making decisions.
