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IndusInd Bank raises Rs 5,081-cr via QIP, preferential issue

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Press Trust of India New Delhi
IndusInd Bank today said it has raised Rs 5,081 crore by issuing six crore new shares via QIP and preferential issuances.

"With the completion of the preferential issue of promoters, IndusInd Bank has, in combination with the recent QIP issue, successfully raised Rs 5,081 crore of common equity through issuance of 6 crore new shares," the bank said in a BSE filing.

The raised capital will be used to support bank's growth and also augment total capital adequacy ratio, it added.

The Qualified Institutional Placement (QIP) issue addressed to foreign and domestic institutional investors was priced at 2.9 per cent premium to the Sebi determined floor price of Rs 845 per share, the bank said.
 

"The Preferential Issue for promoters, namely IndusInd International Holdings Ltd and its subsidiary IndusInd Ltd, was priced at the higher of the QIP prices and the Sebi determined floor prices as applicable to preferential allotments at Rs 857.20 per share," it said in the filing.

Shares of the bank were trading at Rs 932.40 a piece on BSE, down 1.90 per cent.

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First Published: Aug 12 2015 | 3:13 PM IST

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