Private sector lender ING Vysya Bank today said it has raised a total of Rs 415 crore through private placement of shares with potential buyers and via preferential allotment.
The company has made a preferential allotment of 74,93,478 shares to ING Group that will enable ING to maintain their stake at 43.93 per cent in the bank, at Rs 248.10 a piece, aggregating to over Rs 185.91 crore, ING Vysya Bank said in a statement.
Earlier in the day on the Bombay Stock Exchange, the bank has said it has raised Rs 230 crore through private placement of shares with qualified institutional buyers.
The bank has issued 92,70,455 shares at Rs 248.10 a piece totalling to Rs 230 crore to qualified buyers, ING Vysya Bank said in a filing to the BSE.
Shares of ING Vysya Bank today closed at Rs 265.25 on the BSE, up 3.25 per cent from previous close.
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