IndusInd Bank is currently trading at Rs. 1355.45, up by 1.05 points or 0.08% from its previous closing of Rs. 1354.40 on the BSE.
The scrip opened at Rs. 1361.00 and has touched a high and low of Rs. 1363.70 and Rs. 1355.00 respectively.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1371.85 on 14-Mar-2017 and a 52 week low of Rs. 899.35 on 17-Mar-2016.
Last one week high and low of the scrip stood at Rs. 1371.85 and Rs. 1322.70 respectively. The current market cap of the company is Rs. 81,126.00 crore.
The promoters holding in the company stood at 16.81%, while Institutions and Non-Institutions held 62.33% and 20.85% respectively.
IndusInd Bank has entered into an agreement with Infrastructure Leasing and Financial Services (IL&FS) the Promoter Shareholders of IL&FS Securities Services (ISSL) to acquire 100% of ISSL. The proposed transaction is conditional on definitive agreements and approvals, including regulatory approvals. The proposed transaction is expected to be made effective within the next 3 months.
ISSL was incorporated in FY2007 as a subsidiary of IL&FS and ISSL is a leading Capital Market Intermediary for Professional Clearing, Depository and Custodial Services. ISSL services both Retail and Institutional clients including over 1,000 Brokers, FPI’s and FII’s. ISSL has a comprehensive platform for various financial services intermediaries with a flow in excess of 1 million transactions per day and is a leading clearing member on equity exchange traded derivatives.
