India: RBL Bank gets board approval to raise $260m

India: RBL Bank gets board approval to raise $260m

The board of RBL Bank Ltd has approved raising of capital to the tune of Rs1,680 crore ($259.5 million) from a number of investors including Renuka Ramnath-led Multiples PE, UK’s development finance institution CDC and hedge fund Steadview Capital among others, the private sector lender said in a stock exchange filing on Friday.

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