AU Small Finance Bank Board To Consider Annual Fundraising Plan On SaturdayA

AU Small Finance Bank said its board will meet on Saturday to consider and approve the annual fundraising plan through a mix of equity and debt instruments, according to an exchange filing on Wednesday.

The board will evaluate raising funds by issuing equity shares via private placement, qualified institutional placement, preferential allotment, or a combination of these options. Any fundraise will be subject to shareholder, regulatory, and statutory approvals, the bank said.

The board will also consider issuing debt instruments such as bonds and non-convertible debentures.