With the completion of the preferential issue to Promoters, IndusInd Bank has, in combination with the recent QIP issue, successfully raised Rs 5,081 crore of common equity through issuance of 6 crore new shares. The raised capital will be used to support the Bank's growth and also augment total Capital Adequacy Ratio.
The QIP issue addressed to foreign and domestic institutional investors was priced at 2.9% premium to the SEBI determined floor price at Rs 845 per share. The Preferential Issue for Promoters, namely IndusInd International Holdings and its subsidiary IndusInd; was priced at the higher of the QIP price and the SEBI determined floor price as applicable to preferential allotments at Rs 857.20 per share.
IndusInd Bank which commenced operations in 1994 caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel distribution networks. As on June 30, 2015, bahk has 811 branches and 1,543 ATMs spread across the country.
Company Name | CMP |
---|---|
HDFC Bank | 1527.95 |
ICICI Bank | 1129.15 |
Axis Bank | 1186.00 |
Indusind Bank | 1465.60 |
Kotak Mahindra Bank | 1710.00 |
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