IndusInd Bank’s board has approved a proposal to raise Rs 3,288 crore through a preferential issue of fully paid up 6.275 crore equity shares at a price of Rs 524 per share, to a set of marquee investors and the Promoter. The Board of Directors of the Bank, in their meeting held on July 28, 2020, has considered and approved the same.
The preferential issue is subject to shareholder approval and other necessary approvals. The extraordinary general meeting (EGM) of shareholders, to consider the preferential issue, is scheduled to be held on August 25, 2020.
IndusInd Bank is as one of the fastestgrowing banks in the banking sector in India.
