IndusInd Bank to allot equity shares to QIBs

IndusInd Bank Ltd said the finance committee of its Board of Directors has approved the allotment of 5.21 crore equity shares at a price of Rs 384 per equity share (including a premium of Rs 374 per equity share) aggregating to Rs 2,000.63 crore to qualified institutional buyers, the private sector bank said in a notice to the BSE.

The private placement of equity shares is at a 9.16 per cent discount to Wednesday’s closing price of Rs 419.20 per share.