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IndusInd Bank gains as Hindujas to pump another Rs 2,700 crore into the Bank

24 Jun 2019 Evaluate

IndusInd Bank is currently trading at Rs. 1459.00, up by 10.80 points or 0.75% from its previous closing of Rs. 1448.70 on the BSE.

The scrip opened at Rs. 1478.00 and has touched a high and low of Rs. 1485.00 and Rs. 1451.00 respectively. So far 101496 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2037.90 on 03-Aug-2018 and a 52 week low of Rs. 1333.90 on 31-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1485.00 and Rs. 1348.70 respectively. The current market cap of the company is Rs. 88266.37 crore.

The promoters holding in the company stood at 16.80%, while Institutions and Non-Institutions held 63.28% and 19.92% respectively.

The Hindujas will pump another Rs 2,700 crore into IndusInd Bank through a warrant issue to ramp up the promoter holding after the merger of Bharat Financial. The merger between the bank and the Bharat Financial, which will be effective July 4, is accretive from a profit, margin and return on equity perspective.
Merger of Bharat Financial into IndusInd Bank was announced in October 2017, as part of which a shareholder would get 639 shares of IndusInd Bank for every 1,000 shares of the Bharat Financial.

IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.

Indusind Bank Share Price

915.55 1.95 (0.21%)
30-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 771.20
ICICI Bank 1262.75
Axis Bank 1267.70
Kotak Mahindra Bank 382.65
Indusind Bank 915.55
View more..

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