 "IndusInd Bank plans Rs 4,800-cr equity share sale")
Private sector lender IndusInd Bank is planning to sell shares worth $750 million (Rs 4,800 crore).
For this, it has hired Morgan Stanley, CLSA, JM Financial, JPMorgan and Credit Suisse as arrangers.
In a filing with the exchanges, the lender had earlier said it was seeking shareholder approval to sell as many as 60 million new shares.
At the end of March, the capital adequacy ratio fell to 12.09 per cent from 13.83 per cent a year earlier.
In financial year 2014-15, total advances grew 25 per cent to Rs 68,788 crore and deposits rose to Rs 74,134 crore, up 23 per cent. For the full year, net profit stood at Rs 1,794 crore, up 27 per cent.
The bank's share rose 1.53 per cent and ended at Rs 820.20 on the BSE.
For this, it has hired Morgan Stanley, CLSA, JM Financial, JPMorgan and Credit Suisse as arrangers.
In a filing with the exchanges, the lender had earlier said it was seeking shareholder approval to sell as many as 60 million new shares.
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According to Bloomberg, IndusInd Bank had earlier sold shares in 2012, when it raised Rs 2,000 crore ($313 million) from a placement to institutional investors.
At the end of March, the capital adequacy ratio fell to 12.09 per cent from 13.83 per cent a year earlier.
In financial year 2014-15, total advances grew 25 per cent to Rs 68,788 crore and deposits rose to Rs 74,134 crore, up 23 per cent. For the full year, net profit stood at Rs 1,794 crore, up 27 per cent.
The bank's share rose 1.53 per cent and ended at Rs 820.20 on the BSE.