(Disclosure:I am market making in the shares of RBL Bank)
Ahead of its IPO,RBL Bank plans a preferential allotment to select investors like Asian Development Bank,CDC etc at 190-200 Rs/share
[gview file=”https://alphaideas.in/wp-content/uploads/2015/09/EGM_Notice_October_14_2015.pdf”]
(Disclosure:I am market making in the shares of RBL Bank)
(Disclosure:I am market making in the shares of RBL Bank)
Private sector lender RBL Bank (formerly Ratnakar Bank) on Tuesday filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi) to raise Rs 1,100 crore by issue of fresh shares through an initial public offering (IPO).
Apart from the fresh equity, two existing shareholders of the bank — Beacon India Private Equity Fund and Gpe (India) will also divest 9.5 million and 3.5 million equity shares, respectively in the IPO.
The bank is also looking at private placement of up to 25 million equity shares for cash consideration aggregating up to Rs 500 crore. In case the pre-IPO placement is completed, the size of the IPO will come down accordingly.
The RBL Bank issue is being managed by Kotak Mahindra Capital, Axis Capital, Citigroup, Morgan Stanley, HDFC Bank, ICICI Securities, IDFC Securities, IIFL Holdings and SBI Capital Markets.
-from BS
Hat Tip: Shivam Bose
(Disclosure:I am market making in the shares of RBL Bank)
(Disclosure:I am market making in the shares of RBL Bank)
[gview file=”https://alphaideas.in/wp-content/uploads/2015/06/RBL-BANK-ANNUAL-REPORT-14-15-EM.8-9.pdf”]