RBL Bank (former Ratnakar Bank) today announced its capital infusion of Rs 1,680 crore by selling 3.26 crore shares for Rs 515 per share on a preferential basis to marquee investors.

The bank issued 32,621,354 (or 3.26 crore) equity shares on a preferential basis at a price of Rs 515 per share, adding Rs 16,799,997,310 (Rs 1,680 crore) to the paid-up capital, RBL bank said in a statement.

The small private sector lender had received approval for the capital raise from its Board of Directors on July 7, 2017 followed by approval from its shareholders at its annual general meeting held on August 04, 2017.

Some of the key investors who have participated in this capital raise are CDC Group, Multiples Alternate Asset Management, HDFC Standard Life Insurance Company, Global IVY Ventures, ICICI Lombard General Insurance Company and Steadview Capital. Motilal Oswal Investment Advisors Private acted as advisors to the transaction.

Best services for customers with full technical support make your Financial Trading more easy click here to subscribe us for free >>http://ripplesadvisory.com/nifty-future-.php