Shares of RBL Bank gained over 5 per cent in early trade today after College Retirement Equity Fund bought 45,84,678 shares or 0.7 per cent stake in the lender. RBL Bank stock rose 5.03 per cent to Rs 128.40 against the previous close of Rs 122.25 on BSE. The stock hit a 52-week low of Rs 74.15 on June 20, 2022 and a 52-week high of Rs 221.20 on November 10, 2021.
Shares of RBL Bank gained over 5 per cent in a highly volatile market today after its board cleared raising of up to Rs 3,000 crore to fund the lender's business growth. The fund raising will be subject to the approval of the shareholders, the bank said.