IndusInd Bank declined 0.73% to Rs 891.65 at 10:20 IST on BSE after the shares allotted by the bank to institutional investors under Qualified Institutional Placement were admitted for trading on the bourses today, 8 July 2015.
Meanwhile, the S&P BSE Sensex was down 180.98 points or 0.61% at 27,998.47.
On BSE, so far 21,075 shares were traded in the counter as against average daily volume of 1.21 lakh shares in the past one quarter.
The large-cap private sector bank hit a high of Rs 896 and a low of Rs 880 so far during the day. The stock hit a record high of Rs 966.90 on 15 April 2015. The stock hit a 52-week low of Rs 527.80 on 18 July 2014.
A total of 5.12 crore shares were admitted for trading today, 8 July 2015. IndusInd Bank had priced the issue of shares to institutional investors at Rs 845 per share. The bank had raised Rs 4327.97 crore from the issue of shares to institutional investors late last month.
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