RBL Bank has announced that its Board of Directors will meet on October 18, 2025, to consider a proposal for raising funds. The funds would be raised through the issuance of eligible securities, including equity shares or other linked instruments, via preferential issue or private placement. The board will also discuss seeking shareholder approval if the proposal is approved.
Fundraising Proposal Consideration
The Board of Directors of RBL Bank is scheduled to meet on October 18, 2025, to discuss and potentially approve a proposal for raising funds. This consideration involves the issuance of eligible securities by the bank.
Details of Securities Issuance
The securities under consideration include equity shares and equity-linked instruments. These securities could be issued through methods such as preferential issues or private placements, or a combination of methods deemed appropriate by the Board of Directors. The board will make decisions in accordance with relevant regulations and applicable laws.
Shareholder Approval
If the Board approves the proposal, RBL Bank may seek further approval from its shareholders. This step ensures alignment and transparency regarding the decision-making process concerning the fundraising activities.
Trading Window Closure
As per the announcement, the trading window for dealing in the bank’s securities will remain closed until 48 hours after the conclusion of the Board meeting. This measure ensures compliance with insider trading regulations.
Source: BSE
