AU Small Finance Bank raises Rs. 625.50 crore from investors via QIP

AU Small Finance Bank has recently raised Rs. 625.50 crore by issuing the shares to a set of investors through Qualified Institutional Placement.

The bank in a regulatory filing stated that it has completed the allotment of equity shares under 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.

Sanjay Agarwal, MD & CEO of AU Bank,  said, “We have successfully closed the first ever QIP of the Bank. We received a strong reception from global and local investors which is a testament to the quality of our banking franchise and our future outlook.”