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    HomeNewsBusinessStocksRBL Bank soars 3% as board likely to consider preferential allotment

    RBL Bank soars 3% as board likely to consider preferential allotment

    RBL Bank is likely to raise Rs 1,500-1,700 crore and may dilute nearly 9-10 percent via preferential allotment.

    July 03, 2017 / 15:02 IST
       
       
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      RBL Bank share price gained nearly 3 percent intraday Monday ahead of board meet to consider preferential allotment.

      The private sector lender's board of directors will meet during the week to discuss preferential allotment, reports CNBC-TV18 quoting unnamed sources.

      The bank is likely to raise Rs 1,500-1,700 crore and may dilute nearly 9-10 percent via preferential allotment.

      However, RBL refused to comment on preferential allotment plan.

      At 14:50 hours IST, the stock price was quoting at Rs 517.05, up Rs 11.90, or 2.36 percent on the BSE.

      first published: Jul 3, 2017 03:02 pm

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