IndusInd Bank is currently trading at Rs. 1719.60, up by 23.20 points or 1.37% from its previous closing of Rs. 1696.40 on the BSE.
The scrip opened at Rs. 1718.00 and has touched a high and low of Rs. 1723.20 and Rs. 1710.00 respectively. So far 3,484 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1723.20 on 11-Sep-2017 and a 52 week low of Rs. 1037.85 on 24-Nov-2016.
Last one week high and low of the scrip stood at Rs. 1723.20 and Rs. 1656.05 respectively. The current market cap of the company is Rs. 1,02,676.00 crore.
The promoters holding in the company stood at 16.78%, while Institutions and Non-Institutions held 62.54% and 20.68% respectively.
IndusInd Bank has entered into a Confidentiality, Exclusivity, and Standstill Agreement (Exclusivity Agreement) with Bharat Financial Inclusion (BFIL).
The Exclusivity Agreement provides for a mutually agreed exclusivity period for due diligence and discussions to evaluate a potential strategic combination between the company and BFIL by way of amalgamation through a Scheme of Arrangement, or any other suitable structure.
The potential transaction would be subject to Due Diligence, Agreement on the appropriate Transaction Structure, Definitive documentation, and Board, Shareholders, Regulatory NCLT and other third-party approvals, as applicable.
