IndusInd International Holdings sells 46 lakh shares of IndusInd Bank

IndusInd Bank’s promoter - IndusInd International Holdings has sold 46 lakh shares of the private sector lender in an open market transaction. The shares were sold at an average price of Rs 425.43 a piece valuing the deal for about Rs 195.70 crore.

Till December 05, 2012, IndusInd International Holdings held nearly 6.85 crore shares representing 13.12% stake in the bank.

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.