RBL Bank divests 3.62% stake in Kilburn Engineering

Image
Capital Market
Last Updated : Aug 12 2022 | 10:16 AM IST
RBL Bank has sold 12,42,532 equity shares representing 3.62% of the paid up share capital of Kilburn Engineering for Rs 4.61 crore.

The Bank was allotted 67,50,000 equity shares of Kilburn Engineering (which represents 19.67% of the paid up share capital of the company) as part conversion of outstanding loans in terms of debt restructuring plan.

Post the aforementioned sale, the Bank holds 16.05% of the paid up share capital of Kilburn.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 12 2022 | 9:46 AM IST

Next Story