SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

IndusInd Bank raises Rs 2021 crore common equity via conversion of warrants issued to Promoters

18 Feb 2021 Evaluate

IndusInd Bank has raised Rs 2021 crore of common equity capital through conversion of preferential warrants issued to the Promoter entities - IndusInd International Holdings (IIHL) and IndusInd (IL). The warrants were issued as an integral part of the merger with Bharat Financial Inclusion in July 2019. The Promoter entities had paid Rs 673 crore at the time of subscription to the warrants and the balance amount of Rs 2021 crore was paid on February 18, 2021.

The finance committee of the Bank has approved allotment of 1,57,70,985 shares to the Promoter entities. The warrants are converted at a price of Rs 1,709 per share reflecting a premium of 65% over the closing price on February 17, 2021.

IndusInd Bank is as one of the fastest growing 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
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×