ING Vysya Bank is trading higher by more than 1% at Rs 334 after the bank raised Rs 513 crore through qualified institutional placement (QIP).
"The duly authorised committee of the board of directors of the bank, at its meeting held on June 16, 2011, decided to close the bidding and approved the issuance of 15 million equity shares of face value of Rs 10 each at a price of Rs 342.09 per equity share, aggregating to Rs 513.14 crore (approximately),” the private sector bank said in a filing to the stock exchanges.
The stock opened at Rs 334 and touched a high of Rs 335 on the NSE. A combined around 6,000 shares have changed hands on the counter till 0951 hours.
