ING Vysya Bank allots Equity Shares at Rs 248.10

ING Vysya Bank Ltd has announced that the Investors Committee at its meeting held on September 11, 2009, has approved the allotment of equity shares.

The Board approved allotment of 92,70,455 Equity Shares to Qualified Institutional Buyers at a Price of Rs. 248.10 per share (including a premium of Rs. 238.10 per Equity Share) by way of Qualified Institutions Placement.

The Board also approved allotment of 74,93,478 Equity Shares to ING Mauritius Holdings and ING Mauritius Investments I at a Price of Rs. 248.10 per share (including a premium of Rs. 238.10 per Equity Share) through Preferential Issue.

The stock was trading at Rs.260.50, up by Rs.1.70 or 0.66%. The stock hit an intraday high of Rs.266 and low of Rs.257.30.

The total traded quantity was 64613 compared to 2 week average of 277497.

Source : Equity Bulls

Keywords