Business Standard

IndusInd Bank dips 8% as it defers fund raising; down 39% so far in 2020

The stock had hit a low of Rs 921.25 -- its lowest level since March 29, 2016 -- in intra-day trade on the BSE on Friday

IndusInd Bank
Premium

IndusInd Bank

SI Reporter Mumbai
Shares of IndusInd Bank were down 8.6 per cent to Rs 927 on the BSE on Monday, thus falling 14 per cent in the past two trading days, after the private sector lender on Saturday announced a deferment of its plans to raise funds using additional tier-1 instruments.

The stock had hit a low of Rs 921.25 -- its lowest level since March 29, 2016 -- in intra-day trade on the BSE on Friday.

At 11:28 am, IndusInd Bank was trading 6.6 per cent lower at Rs 948, as compared to 4.3 per cent decline in the benchmark

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in