IndusInd Bank has decided to raise up to $360 million by share sale, as it looks to boost its capital base. It has launched the share sale to institutional investors at a floor price of about Rs 374 a share. The bank has picked Morgan Stanley, brokerage CLSA and local investment bank JM Financial to manage the share offering.
The bank has registered a jump of over 29.60% in its net profit at Rs 250.25 crore for quarter ended 31st September 2012 as compared to Rs 193.09 crore in the corresponding quarter previous year. The total income of the bank has also increased by 31.05% to Rs 2048.42 crore for the quarter under review as compared to Rs 1563.07 crore in the same month last year.
