RBL Bank's board will meet on October 18 to consider raising funds. This includes issuing equity shares or other linked instruments. The bank is also set to review its second quarter results. Reports suggest Emirates NBD is close to acquiring a majority stake. RBL Bank stated it explores opportunities to enhance shareholder value. The bank's shares closed higher on Wednesday.
RBL Bank board to consider fundraising plan on Oct 18
Synopsis
RBL Bank's board will meet on October 18 to consider raising funds. This includes issuing equity shares or other linked instruments. The bank is also set to review its second quarter results. Reports suggest Emirates NBD is close to acquiring a majority stake. RBL Bank stated it explores opportunities to enhance shareholder value. The bank's shares closed higher on Wednesday.
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