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Thursday, August 6, 2015

IndusInd Bank allots shares worth Rs. 753 crore

Private lender IndusInd Bank has approved an allotment of nearly 88 lakh equity shares valued at around Rs. 753 crore to IndusInd International Holdings Ltd and others.

The Finance Committee of the bank approved the allotment of equity shares at a meeting today, IndusInd Bank said in a BSE filing.

IndusInd approved allotment of 87,81,360 equity shares of face value of Rs. 10 each to IndusInd International Holdings Ltd and its subsidiary, Induslnd Ltd, promoters of the bank, on a preferential basis,” the statement said.

The shares have been allotted at an offer price of Rs. 857.20 per equity share, aggregating to Rs. 752,73,81,792, it said.

As on June 30, 2015, IndusInd Bank had 811 branches and 1,543 ATMs spread across the country

The bank also has representative offices in London, Dubai and Abu Dhabi.

Shares of the bank traded at Rs. 952 a piece on BSE, down 0.09 per cent from the previous close.

Source : Thehindubusinessline


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