AU Small Finance Bank has announced plans to raise up to ₹5,000 crore through Qualified Institutional Placement (QIP) and other modes. Additionally, the bank aims to borrow or raise up to ₹6,000 crore via debt instruments. Similarly, RBL Bank's board has approved a fund-raising initiative of up to ₹3,500 crore through QIPs in one or more tranches. Following this announcement, shares of RBL Bank surged by 3% to reach a high of ₹270.40 on the BSE in Friday's intra-day trade. The total fund raise approved by RBL Bank's board amounts to Rs 6,500 crore, as reported by agencies.
#MarketsWithBS | Shares of #RBLBank jumped 3% to a high of Rs 270.40 on the #BSE in Friday's intra-day trade after the bank's board approved fund raise up to Rs 6,500 cr. #Markets #sharemarket #stockmarket #buzzingstocks https://t.co/5U6Sjpd3pT
AU Small Finance Bank: To raise funds up to ₹5,000 crore via a QIP and other modes and to borrow or raise funds to the tune of ₹6,000 crore through the issue of debt instruments.
#RBLBank will seek up to Rs 3,500 crore through QIP of shares in one or more tranches.
#JustIn | RBL Bank board approves fund raising up to ₹3,500 crore via QIPs in one or more tranches via debt securities https://t.co/jOmtG1oIRR
#JustIn | AU Small Finance Bank to raise funds up to ₹5,000 crore via QIP & other modes, to borrow/raise funds up to ₹6,000 crore by issue of debt instruments https://t.co/UELZafMljT
News Alert | AU Small Fin Bank board approves raising up to ₹5,000 cr via multiple modes: Agencies @aubankindia #StockMarket https://t.co/xJwDEK2wWV