IndusInd Bank today said it has successfully concluded its second Qualified Institutional Placement (QIP) offering of $253 million.
QIP issue opened on September 15, 2010. The issue received an encouraging response and allotments were made to an extent of $253 million, the company said in a statement here.
The price per share has been fixed at Rs 234.55 per share of face value of Rs 10 each for the QIP offering. The $253 million amount raised represents 13.39 per cent of the post- offer equity capital of the Bank.
"This second QIP offering has made the Bank well capitalised and it will now meet our major growth aspirations. The response from institutional investors was encouraging," IndusInd Bank's Managing Director & CEO, Romesh Sobti said.
IndusInd Bank has a network of 224 branches and 533 ATMs spread over 180 geographical locations across the country as on June 30, 2010.
The bank also has also has its representative offices in Dubai and London.
