Monday, 15 March 2021

AU Small Finance Bank Raises Over Rs 600 Crore

The Jaipur-based AU Small Finance Bank on Monday said it has raised Rs 625.50 crore through sale of shares to institutional investors. The bank has completed the allotment of equity shares under its Qualified Institutions Placement (QIP) and has successfully raised Rs 625.5 crore through the issuance of 50,00,000 equity shares at an issue price of Rs 1,251/- per share, the bank said in a regulatory filing. The issue was launched on March 9 with a floor price of Rs 1,181.06 a piece.

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