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IndusInd Bank gets nod to raise Rs 2,496 crore via preferential equity shares

03 Sep 2020 Evaluate

IndusInd Bank’s board has approved allotment of 4,76,29,768 equity shares of the face value of Rs 10 each at a price of Rs 524 per share on a preferential basis to marquee investors, for an aggregate consideration of Rs 2,496 crore. The Finance Committee of the board of directors at its meeting held on September 2, 2020, approved the same.

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

Peers
Company Name CMP
HDFC Bank 708.00
ICICI Bank 1379.15
Axis Bank 1247.50
Kotak Mahindra Bank 418.70
Indusind Bank 977.80
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