Indusind Bank Ltd closes QIP

In respect of the QIP, the Finance Committee of Indusind Bank Ltd at its meeting held on June 30, 2015, has approved the closure of the QIP on June 30, 2015.

The committee approved the issue price of Rs. 845 per Equity Share, which is at a premium of Rs. 23.46 per Equity Share, to the Floor Price of Rs. 821.54 per Equity Share, for the Equity Shares to be allotted to eligible qualified institutional buyers in the QIP and also approved and adopted the Placement Document (PD) dated June 30, 2015, in connection with the QIP.

All terms not defined herein shall carry the same meaning as ascribed to them in the Preliminary Placement Document / Placement Document.

Shares of INDUSIND BANK LTD. was last trading in BSE at Rs.871 as compared to the previous close of Rs. 859.3. The total number of shares traded during the day was 95713 in over 3394 trades.

The stock hit an intraday high of Rs. 875 and intraday low of 854.4. The net turnover during the day was Rs. 82776305.

Source : Equity Bulls

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