At meeting held on 12 January 2016
IndusInd Bank announced that the Board of Directors of the Bank, at their meeting held on 12 January 2016, have approved, in principle, a Sponsored Level 1 American Depository Receipt Programme (ADR 1) of 10 million Depository Receipts (DRs) against 20 million equity shares of the Bank.The above is a non-capital raising programme.
The aforesaid Programme is subject to receipt of detailed regulatory guidelines in the matter.
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