Category: RatnakarBank

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RatnakarBank

RBL Bank(formerly Ratnakar Bank):Updates

Disclosure:I am market making in RBL Bank (formerly Ratnakar Bank)

The bank has put in a good performance in the last 6 months as shown in the table below:

 

Criteria As On 31 March,2013 As On 31 Dec,2013 Gain
Branches 125 149 19.20%
ATMs 184 292 58.70%
Advances(Crores) 6376 8287 29.97%
Deposits(Crores) 8341 9743 16.81%

 

RBL Bank is planning to issue 2.56 Crore Shares @ 135 Rs/Share on a preferential basis to the following investors:

  • Asia Capital Financial Opportunities Pte. Ltd.
  • CDC Group,UK
  • Gaja Trustee Company Pvt. Ltd.
  • GPE (India) Ltd.
  • International Finance Corporation
  • MCap India Fund Ltd.
  • Multiples Private Equity Fund
  • Multiples Private Equity  Fund I Limited
  • Norwest Venture Partners X FII-Mauritius

An EGM has been called on March 24,2014 in this regard.

Categories
RatnakarBank

Ratnakar Bank-Market Making

Ratnakar Bank is an unlisted bank which has drawn in tremendous amount of investor attention.

Its shareholder list consists of many prominent names with Faering Capital, promoted by Aditya Parekh (Deepak Parekh’s son) as one of its largest investors.

Currently, there are two sets of shareholders of this bank-institutional investors and farmers in and around Kolhapur where the bank is based.

The Bank is expected to go for an IPO in the next 2/3 years which may result in gains for the investors and employees.

The current price is We Buy @ 110 and We Sell @ 120.

Anybody interested in purchasing/selling Ratnakar Bank shares or knowing more about it may email me at Alpha Ideas