Investors rush to RBL's Rp20bn placement

rupees 230-150x
By Jonathan Breen
03 Dec 2019

RBL Bank’s qualified institutional placement (QIP) was multiple times covered within hours of launching on Tuesday in India, said a source familiar with the matter.

The bank is issuing new stock through the placement, eyeing up to Rp20.3bn ($282.7m) in proceeds, said the source. The strong early investor turnout is a sign of confidence, especially from Indian investors, with more demand than expected coming from domestic accounts.

IIFL Securities is the left lead ...

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