Indusind Bank Ltd announces Sponsored Level 1 American Depository Receipt Programme

The Board of Directors of Indusind Bank Ltd, at their meeting held on January 12, 2016, have approved, in principle, a Sponsored Level 1 American Depository Receipt Programme (ADR 1) of 10 million Depository Receipts (DRs) against 20 million equity shares of the Bank.

The above is a non-capital raising programme.

The aforesaid Programme is subject to receipt of detailed regulatory guidelines in the matter.

Shares of INDUSIND BANK LTD. was last trading in BSE at Rs.906.75 as compared to the previous close of Rs. 897.75. The total number of shares traded during the day was 33480 in over 1422 trades.

The stock hit an intraday high of Rs. 913 and intraday low of 900.1. The net turnover during the day was Rs. 30307486.

Source : Equity Bulls

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