IndusInd Bank is currently trading at Rs. 1418.50, up by 18.30 points or 1.31 % from its previous closing of Rs. 1400.20 on the BSE.
The scrip opened at Rs. 1397.50 and has touched a high and low of Rs. 1419.45 and Rs. 1397.50 respectively. So far 28938 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1440.00 on 31-Mar-2017 and a 52 week low of Rs. 935.05 on 08-Apr-2016.
Last one week high and low of the scrip stood at Rs. 1440.00 and Rs. 1392.20 respectively. The current market cap of the company is Rs. 84697.86 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 is eyeing to raise funds by issue and allotment of Rated, Listed, Non-Convertible, Perpetual, Subordinated and Unsecured Basel III Compliant Bonds in the nature of debentures towards Non-Equity Regulatory Additional Tier I Capital (AT1 Bonds), for face value of Rs 10 lakh each for cash aggregating to Rs 1,000 crore on private placement basis.
The said borrowing shall be within the overall borrowing limits of the Bank as may be approved by the shareholders from time to time. The Board of Directors of the Bank shall consider the proposal for issuance and allotment of the above securities through Circular Resolution.
