IndusInd Bank has raised Rs 2,000 crore through Qualified Institutional Placement (QIP). The bank has issued 5.21 crore new equity shares constituting 9.98% of the total equity shares of the bank outstanding following the QIP issue.
The raised capital will be used to support the bank’s growth and also augment the total capital adequacy ratio. The QIP issue received a response from high quality FIIs as well as domestic investors. The bank priced the new equity at Rs 384, a 2.7% premium to the floor price of Rs 374.05 under applicable SEBI regulations and a premium per equity shares of Rs 374.
The bank registered a jump of over 29.60% in its net profit at Rs 250.25 crore for quarter ended September 31, 2012 as compared to Rs 193.09 crore in the corresponding quarter previous year. The total income of the bank 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.
| Company Name | CMP |
|---|---|
| HDFC Bank | 781.20 |
| ICICI Bank | 1264.80 |
| Axis Bank | 1269.40 |
| Kotak Mahindra Bank | 380.75 |
| Indusind Bank | 949.85 |
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