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IndusInd Bank gains on plans of raising Rs 2,000 crore via infrastructure bonds

20 Feb 2015 Evaluate

IndusInd Bank is currently trading at Rs. 860.85, up by 2.85 points or 0.33 % from its previous closing of Rs. 858.00 on the BSE.

The scrip opened at Rs. 860.00 and has touched a high and low of Rs. 862.50 and Rs. 851.05 respectively. So far 20629 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 889.60 on 03-Feb-2015 and a 52 week low of Rs. 383.55 on 20-Feb-2014.

Last one week high and low of the scrip stood at Rs. 877.50 and Rs. 843.20 respectively. The current market cap of the company is Rs. 45436.33 crore.

The promoters holding in the company stood at 15.12 % while Institutions and Non-Institutions held 49.56 % and 23.08 % respectively.

IndusInd Bank is all set to raise around Rs 2,000 crore by issuing infrastructure bonds. The bank’s board of directors had, at their meeting held on January 13, approved the proposal for issuance of long-term infrastructure bonds, and subordinated non-convertible debentures (NCDs)/bonds eligible to be included as additional tier-1 and tier-2 capital of the bank up to Rs 2,000 crore on a private placement basis.

Last year, the Reserve Bank of India had allowed banks to raise funds by selling special longterm bonds that are exempt from reserve requirements. The funds raised are also exempt from priority-sector norms under which banks have to channel 40% of the loans to agriculture, small businesses and weaker sections of the society, making the sale of these bonds attractive for lenders that finance infrastructure projects.

Indusind Bank Share Price

853.15 4.60 (0.54%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
Axis Bank 1359.15
Kotak Mahindra Bank 383.50
Indusind Bank 853.15
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