Afrin Dia has bought 13.40 lakh shares of the private sector lender IndusInd Bank in an open market transaction. The foreign institutional investor has purchased the shares from Societe Bancaire Privee SA at an average price of Rs 402.5 valuing the transaction at Rs 53.93 crore.
At the end of March quarter, Afrin Dia, a sub-account of Icon Capital, held 1.29 crore shares, amounting to 2.47% stake in IndusInd Bank.
IndusInd Bank caters to the needs of both consumer and corporate customers. Its technology platform supports multi-channel delivery capabilities. As on December 31, 2012, IndusInd Bank had 461 branches, and 852 ATMs spread across 320 geographical locations of the country. The Bank also has representative offices in London and Dubai.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
| View more.. | |
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