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The bank will raise funds by issuance of equity shares for an aggregate amount not exceeding Rs 5,000 crore through private placement or qualified institutions placement (QIP) or preferential allotment or through a combination thereof or any other alternative mode.
Further, the scheduled commercial bank will also borrow/raise funds an amount not exceeding Rs 6,000 crore in one or more tranches, by issuance of debt instruments including but not limited to bonds and non-convertible debentures or such other debt securities.
AU Small Finance Bank (AU SFB/AU) is a scheduled commercial bank, a Fortune India 500 Company and the largest Small Finance Bank in the country.
The bank reported 22.7% rise in net profit to Rs 424.63 crore on a 31.8% increase in total income to Rs 2,607.91 crore in Q4 FY23 over Q4 FY22.
The scrip fell 0.27% to settle at Rs 747.85 on Wednesday, 28 June 2023.
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