ING Vysya Bank today said it has appointed Shailendra Bhandari as the Managing Director and Chief Executive of the bank for a period of three years.
Bhandari would take charge as MD and CEO with effect from today, ING Vysya Bank said in a filing to the Bombay Stock Exchange.
Further, the board has approved to raise funds by issuing up to 2,41,09,456 equity shares through national and international funds raising routes.
The company would raise funds from the domestic markets by private placement of shares with qualified institutional buyers, or through preferential issue or right issue. It may also raise funds through international route by global depository receipts or foreign currency convertible bonds, the filing added.
The proposal is subjected to the shareholder's approval.
Shares of ING Vysya Bank were trading at Rs 221 on the BSE, up 3.76 per cent from the previous close.
