IndusInd Bank Ltd to raise Rs. 2,800 crores

The Board of Directors of IndusInd Bank Ltd have, in their meeting held in Mumbai on Oct 21, 2021, approved issuance of Rated, Listed, Non-Convertible, Subordinated and Unsecured Basel III Compliant Bonds in the nature of Debentures towards Non-Equity Regulatory Tier 2 Capital (T2 Bonds) with Face Value of Rs.1,00,00,000 each for cash, for an amount not exceeding Rs.2,800 crores (Rupees Two thousand eight hundred crores only) on private placement basis, subject to approvals and consents of regulatory authorities as may be required.

The Board also authorized the Finance Committee of the Board to approve the details of the issuance and to finalize the allotment of securities.

Shares of IndusInd Bank Limited was last trading in BSE at Rs. 1184.40 as compared to the previous close of Rs. 1201.10. The total number of shares traded during the day was 83856 in over 4590 trades.

The stock hit an intraday high of Rs. 1209.90 and intraday low of 1165.25. The net turnover during the day was Rs. 99343868.00.

Source : Equity Bulls

Keywords

IndusIndBank INE095A01012 INDUSINDBK Banks Tier2Capital T2Bonds