RBL Bank board to consider fundraising plan on Oct 18

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 ma...

By ET Bureau | Oct 16, 2025, 06.03 AM IST

"The Bank is on a growth trajectory and routinely explores opportunities which are aimed at enhancing shareholder value." Shares of the bank closed at ₹299, up 2.7% over previous day.

Mumbai: RBL Bank said on Wednesday that its board will consider a proposal to raise funds on October 18. The board is scheduled to meet on Saturday also to consider its second quarter results.

The bank informed the exchanges that it would consider a proposal of issuing equity shares or any equity-linked instruments or securities, by way of preferential issue or a private placement basis. ET had reported early this week that Middle East based Emirates NBD is in the advanced stage of acquiring a majority stake in the bank.

On Tuesday, RBL Bank informed the exchanges citing an Economic Times article on Emirates NBD deal, "The Bank is on a growth trajectory and routinely explores opportunities which are aimed at enhancing shareholder value." Shares of the bank closed at ₹299, up 2.7% over previous day.

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