IndusInd Bank to raise up to Rs 30,000 crore through debt and equity

The board gave approval to the plan for raising funds. It will also seek shareholders' nod for it

Private sector lender IndusInd Bank plans to raise up to Rs 30,000 crore through debt and equity to support business growth and also meet regulatory norms for capital.

Its board gave approval to the plan for raising funds. It will also seek shareholders' nod for it. However, it did not specify a timeline for raising debt and equity capital.

IndusInd Bank in filing with BSE said it will raise funds through debt securities or equity instruments or convertible debt securities in any permitted mode including Qualified Institutions Placement. The fundraising will be subject to shareholders, regulatory, and statutory approvals.

In September 2020, the