 "IndusInd Bank")
The Hinduja family paid a premium to boost its stake in IndusInd Bank, a sign of confidence in the Indian private-sector lender as concerns over its asset quality ease.
IndusInd International Holdings (IIHL), which represents the bank’s founding Hinduja clan, completed its rights issue, which was oversubscribed at over Rs 2,021 crore, it said in a statement late Tuesday. The warrants will be redeemed at Rs 1,709 a share, a 61 per cent premium over Tuesday’s close.
“IndusInd International Holdings Ltd (IIHL), one of the bank's promoters, confirmed having completed its capital raising through rights issue which was
IndusInd International Holdings (IIHL), which represents the bank’s founding Hinduja clan, completed its rights issue, which was oversubscribed at over Rs 2,021 crore, it said in a statement late Tuesday. The warrants will be redeemed at Rs 1,709 a share, a 61 per cent premium over Tuesday’s close.
“IndusInd International Holdings Ltd (IIHL), one of the bank's promoters, confirmed having completed its capital raising through rights issue which was
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