RBL Bank infuses Rs 1,680 cr

RBL Bank has completed the capital infusion of Rs 1,680 crore from a set of marquee investors. The bank had received approval from its shareholders at its AGM held on August 4, 2017.

The bank issued 32,621,354 shares on preferential basis at a price of Rs 515 per share, adding Rs 1,679.99 crore in the paid up capital of the bank, a release said. Key investors, include CDC Group, Multiples Alternate Asset Management, HDFC Standard Life Insurance Company, Global IVY Ventures, ICICI Lombard General Insurance Company and Steadview Capital.