General Announcement::Outcome of the Board Meeting-Capital Raising Plan for the year 2020-21
Issuer & Securities
Date &Time of Broadcast
Announcement Sub Title
Outcome of the Board Meeting-Capital Raising Plan for the year 2020-21
Submitted By (Co./ Ind. Name)
Description (Please provide a detailed description of the event in the box below)
We refer to our intimation letter SD: 1316/1317/11/12::2020 dated 06/07/2020 regarding the Capital Raising Plan for the Year 2020-21.
This is to inform the Stock Exchanges that the Board of the Bank in its meeting held today on 10.07.2020 has decided the following:
1. To Raise Equity Share Capital amounting up to Rs 5000 Crore (including premium) by way of Qualified Institutional Placements (QIP)/Rights Issue/ESPS/Private Placement/ Preferential Allotment/any other approved means during the Financial Year (FY) 2020-21 subject to market conditions and necessary approvals.
2. To Raise Capital through Additional Tier I Basel III Compliant Bonds to the extent of Rs 3000 Crore during the FY 2020-21 subject to market conditions and necessary approvals.
This is for your information and appropriate dissemination.
Total size =252K