RBL Bank divests 3.62% stake in Kilburn Engineering
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.
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First Published: Aug 12 2022 | 9:46 AM IST