IndusInd Bank to elevate Rs. Three,288 crore via preferential issuance

IndusInd Bank to elevate Rs. Three,288 crore via preferential issuance

by admin- Wednesday, July 29th, 2020 04:01:26 PM

IndusInd Bank board authorised preferential issue of Rs. 3288 crore at the fee of Rs. 524 according to share. The capital raise will infuse 6.27 crore extra shares if you want to resulting in nine% equity dilution. The Promoters will even take part in the fund raise. Post the capital boost Promoters stake will stand at 14.2%.

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