Indusind Bank allots 5,21,00,000 equity shares to QIBs at Rs.384

Indusind Bank Ltd has issued Equity Shares of face value of Rs. 10 each of the Company ("Equity Shares"), to Qualified. Institutional Buyers "QIBs") under a Qualified Institutions Placement in terms of Chapter VIII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. 2009, as amended.

The Finance Committee of the Board of Directors have approved the allotment of 5,21,00,000 Equity Shares at a price of Rs. 384.00 per Equity Share (including a premium of Rs. 374.00 per Equity Share) on December 05, 201.2, aggregating to Rs. 20,006.34 million to QIBs.

The Indusind Bank Ltd stock closed the day at Rs.419.20, up by Rs.1.80 or 0.43%. The stock hit an intraday high of Rs.422.10 and low of Rs.416.75.

The total traded quantity was 0.21 lakhs compared to 2 week average of 1 lakh.

Source : Equity Bulls

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