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Hat Tip Vishal Mittal
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Weekend Mega Linkfest:May 09,2014
Some off beat reads for the weekend:
Africa’s bloodiest fight (NewRepublic)
RSS 3.0 (Caravan)
The light of Benares (Open)
There is a hole in the pocket dear Rahul (Outlook)
The curious case of Reliance Industries’ share price (Kafila)
Pandits rally for their valley (Tehelka)
The $13 Billion Angels (BusinessWeek)
Boko Haram:Sons of Anarchy (GQ)
What will Dr.Manmohan Singh do after May 16? (UnrealTimes)
Weekend Trips:NorthEast (TeamBHP)
Fascism is coming (GreatBong)
8 Buildings that will ruin Mumbai’s skyline (MumbaiBoss)
Do kids make parents happy after all? (Atlantic)
Anthropologists are afraid to ask about farting (Smithsonian)
What are some things Indians do just for the sake of it? (Quora)
(Disclosure:I am market making in RBL Bank)
RBL Bank, formerly known as Ratnakar Bank, today said it plans to raise a minimum Rs 500 crore through an initial public offer in the fourth quarter of current financial year.
“We will start the basic process for IPO in the next 2-3 months … we hope to hit the market in the early part of the next year,” RBL Bank Managing Director Vishwavir Ahuja told PTI.“The quantum of offer is not finalised yet but we plan to raise minimum Rs 500 crore or 10 per cent of stake dilution,” he said.
The bank has build scale and size so that bank get right valuation for its shares, he added.
The bank currently services more than 5 lakh customers and has a total business size of over Rs 21,000 crore. It got capital support of about Rs 1,500 crore from global and domestic investors in the last three years.Last month, the bank raised Rs 328 crore from a group of global investors, including CDC Group and Asia Capital and Advisors.-from ET