Baring PE, ICICI Pru Life Insurance and CDC Group are some of the names that have invested a total of Rs 1,566 crore in RBL Bank under a preferential issue. The funding will help the lender increase its capital adequacy ratio. The bank issued 8.84 crore shares at Rs 177 per share to five investors. The shares have been allotted at a discount of 4.19 per cent to the previous close.

(Economic Times)