ING Vysya Bank allots shares to QIBs

ING Vysya Bank Ltd has announced that the Board of Directors vide their resolution dated November 15, 2007 has allotted (i) 6,209,375 Equity Shares of face value of Rs 10/- each for cash at a price of Rs 310/- including a premium of Rs 300/- per Equity Share to the Qualified Institutional Buyers pursuant to the Qualified Institutional Placement by the Bank in accordance with Chapter XIII-A of the SEBI (Disclosure and Investor Protection) Guidelines 2000 and (ii) 3,950,175 and 1,130,772 Equity Shares, respectively, of face value of Rs 10/- each for cash at price of Rs 310/- including a premium of Rs 300/- per Equity Share to ING Mauritius Holdings and ING Mauritius Investment I, respectively, pursuant to the preferential allotment by the Bank in accordance with Chapter XIII of the SEBI (Disclosure and Investor Protection) Guidelines 2000 and as per approval of RBI by vide their letter dated August 08, 2007.

Source : Equity Bulls

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