Bajaj Finance, East Bridge to invest in RBL Bank Ltd
The Board of Directors of RBL Bank Ltd at its meeting held today i.e. November 30, 2019, have considered and approved the raising of funds by issuing of equity shares of the Bank on a private placement basis in accordance with the provisions of the Companies Act, 2013, Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 and such other acts, rules and regulations as may be applicable, subject to approval of the Shareholders of the Bank.
The bank will issue upto 24,238,310 Equity Shares of face value of Rs. 10 at a price of Rs. 340.70 each aggregating upto Rs. 8,25,79,92,217.00 to the below investors
Bajaj Finance Limited ("BFL") - 4,402,700 shares or 0.97%
East Bridge Capital Master Fund I Ltd ("EBCMFL") - 4,402,700 shares or 0.97%
FEG Mauritius FPI Limited ("FMFL") - 2,527,140 shares or 0.56%
Ishana Capital Master Fund ("ICML") - 6,310,530 shares or 1.39%
WF Asian Reconnaissance Fund Limited ("WFARFL"), having investment decision control with Ward Ferry Management (BVI) Limited - 6,595,240 shares or 1.45%