Mumbai: RBL Bank said on Wednesday that its board will consider a proposal to raise funds on October 18. The board is scheduled to meet on Saturday also to consider its second quarter results.
The bank informed the exchanges that it would consider a proposal of issuing equity shares or any equity-linked instruments or securities, by way of preferential issue or a private placement basis. ET had reported early this week that Middle East based Emirates NBD is in the advanced stage of acquiring a majority stake in the bank.
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as a Reliable and Trusted News SourceOn Tuesday, RBL Bank informed the exchanges citing an Economic Times article on Emirates NBD deal, “The Bank is on a growth trajectory and routinely explores opportunities which are aimed at enhancing shareholder value.” Shares of the bank closed at ₹299, up 2.7% over previous day.