AU Small Finance Bank Limited announced a private placement that it will issue equity shares for the aggregate gross proceeds of INR 50,000,000,000 on June 27, 2024. The transaction has been approved by the board of directors of the company. The funds will be raised via private placement, qualified institutions placement (QIP), preferential allotment, or a combination thereof, subject to necessary approvals including shareholder and regulatory clearances.
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- News AU Small Finance Bank Limited
- AU Small Finance Bank Limited announced that it expects to receive INR 50 billion in funding