BL 2-8-2013 MUMBAI:INDUSIND BANK BRANCH IN MUMBAI. PIC BY SHASHI ASHIWAL | Photo Credit: SHASHI ASHIWAL
Private lender IndusInd Bank has approved an allotment of nearly 88 lakh equity shares valued at around Rs 753 crore to IndusInd International Holdings Ltd and others.
The Finance Committee of the bank approved the allotment of equity shares at a meeting today, IndusInd Bank said in a BSE filing.
“IndusInd Bank...today approved allotment of 87,81,360 equity shares of face value of Rs 10 each to IndusInd International Holdings Ltd and its subsidiary, Induslnd Ltd, promoters of the bank, on a preferential basis,” the statement said.
The shares have been allotted at an offer price of Rs 857.20 per equity share, aggregating to Rs 752,73,81,792, it said.
As on June 30, 2015, IndusInd Bank had 811 branches and 1,543 ATMs spread across the country
The bank also has representative offices in London, Dubai and Abu Dhabi.
Shares of the bank traded at Rs 952 a piece on BSE, down 0.09 per cent from the previous close.
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Published on August 6, 2015
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