Indusind Bank Ltd allots Senior Unsecured Redeemable Non-Convertible Bonds in the nature of Debentures on Private Placement basis

The Finance Committee of the Board of Indusind Bank Ltd has on December 09, 2016, allotted 15,000 Unsecured Redeemable Non-Convertible Bonds in the nature of Debentures of Face Value of Rs. 10,00,000/- each at par to the identified investor(s) on Private Placement basis, for an amount of Rs. 1,500 crores (Rupees One Thousand Five Hundred crores only).

The aforesaid Bonds will be issued in dematerialised form and will be listed on the Wholesale Debt Market (WDM) segment of National Stock Exchange of India Limited.

Shares of INDUSIND BANK LTD. was last trading in BSE at Rs.1112 as compared to the previous close of Rs. 1096.85. The total number of shares traded during the day was 44372 in over 1905 trades.

The stock hit an intraday high of Rs. 1118.35 and intraday low of 1093. The net turnover during the day was Rs. 49229209.

Source : Equity Bulls

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