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Thursday, December 6, 2012

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.


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