Indusind Bank allots 294,90,300 Equity Shares through GDR

Indusind Bank Ltd has announced that the Finance Committee of the Board of Directors of the Bank at its meeting held on March 30, 2007 allotted 294,90,300 equity shares of the Bank of Rs 10 each, fully paid.

The new shares shall rank pari passu in all respects with the existing equity shares of the Bank.

Further the Bank has informed that, the Bank has concluded the issue of Global Depository Receipts (GDRs) numbering 294,90,300, issued at USD 1.147 each. Each GDR would be represented by one equity share of the Bank.

Source : Equity Bulls

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