This is subject to the requisite regulatory or statutory approvals, it said.
The committee also approved the floor price of Rs 142.78 per equity share for the issue, it said.
The bank may offer a discount of not more than 5 per cent on the floor price to be decided in consultation with the book-running lead managers, it added. The decision for allotment of shares to Qualified Institutional Buyers to be taken on February 23, 2024, by the Committee of Directors for Raising Capital Funds, it added.
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