RBL Bank to raise up to INR 65 bln via QIP, debt
This story was originally published at 18:24 IST on 29 August 2025
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--RBL Bank to raise up to INR 65 bln via QIP, debt
MUMBAI – The board of RBL Bank Ltd. at its annual general meeting Friday approved raising up to INR 65 billion, the bank said in an exchange filing. The bank will look to raise INR 35 billion through qualified institutional placement of shares and INR 30 billion through issuance of debt securities, it said.
On Aug. 7, 2024, shareholders had approved raising up to INR 35.00 billion through QIP in one or more tranches and up to INR 30.00 billion via issue of debt securities. The approvals were valid for 365 days. The bank did not raise the funds in the specified period, it said.
RBL Bank reported a 46% fall in net profit for the June quarter to INR 2.00 billion, against INR 3.72 billion a year ago. On Friday, shares of the bank ended 4% higher at INR 261.05 on the National Stock Exchange. End
Reported by Kabir Sharma
Edited by Akul Nishant Akhoury
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