Read more about Market drifts lower on negative Asian stocks on Business Standard. Key benchmark indices are trading lower in early trade on negative Asian stocks. At 9:25 IST, the barometer index, the S&P BSE Sensex, was down 184.03 points or 0.35% at 51,920.14. The Nifty 50 index was down 46.65 points or 0.3% at 15,266.80.
IndusInd Bank promoters complete capital raise
February 17, 2021
IIHL plans to list itself outside India by first week of September lnduslnd International Holdings Ltd (IIHL), the promoter company of lnduslnd Bank, said it has completed its capital-raise through a rights issue, which was oversubscribed.
“IIHL raised capital at an overwhelming premium of 1,400 per cent towards the subscription of this rights issue,” it said in a statement. This reiterates the confidence of IIHL s global shareholders in the decision of IIHL and its subsidiary, IndusInd Limited, to redeem the balance of 75 per cent of the warrants at the price of ₹1,709 per share, amounting to ₹2,021.45 crore, the statement added.
IndusInd International Holdings Ltd (IIHL), the promoter company of IndusInd Bank has completed raising capital through its rights issue which was oversubscribed, the bank said in a regulatory filing.IIHL raised capital at an overwhelming .
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