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IndusInd Bank’s board approves raising funds of Rs 3,288 crore

29 Jul 2020 Evaluate

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.

Indusind Bank Share Price

856.45 4.35 (0.51%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 811.65
ICICI Bank 1388.65
Axis Bank 1377.75
Kotak Mahindra Bank 381.50
Indusind Bank 856.45
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