RBL Bank plans to raise Rs 500cr via IPO in Q4’FY’15 :
PTI
09/05/2014 14:28
According to a PTI report, RBL Bank, earlier known as Ratnakar Bank is aiming to garner atleast Rs 500 crore from a planned initial public offering (IPO) which is likely hit the capital markets in the fourth quarter of the current fiscal year which began on April 1, 2014. The company will start the basic process for IPO in the next 2 to 3 months, the PTI reported. "We will start the basic process for IPO in the next 2-3 months ... we hope to hit the market in the early part of the next year," RBL Bank Managing Director Vishwavir Ahuja told PTI, the PTI reported. "The quantum of offer is not finalised yet but we plan to raise minimum Rs 500 crore or 10 per cent of stake dilution," he said, the PTI reported.
09/05/2014 14:28
According to a PTI report, RBL Bank, earlier known as Ratnakar Bank is aiming to garner atleast Rs 500 crore from a planned initial public offering (IPO) which is likely hit the capital markets in the fourth quarter of the current fiscal year which began on April 1, 2014. The company will start the basic process for IPO in the next 2 to 3 months, the PTI reported. "We will start the basic process for IPO in the next 2-3 months ... we hope to hit the market in the early part of the next year," RBL Bank Managing Director Vishwavir Ahuja told PTI, the PTI reported. "The quantum of offer is not finalised yet but we plan to raise minimum Rs 500 crore or 10 per cent of stake dilution," he said, the PTI reported.
