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On Friday, RBL Bank said that its Board had provided its approval for raising Rs 1,680 crore through preferential share sale.
The bank said in a regulatory filing that the Board “approved the proposal to issue 3.26 crore share of face value of Rs 10 on a preferential basis to one or more prospective investors at a price of Rs 515 per equity share totaling Rs 1,680 crore (including share premium).”
It further said that this will be subject to shareholders’ approval.
