IndusInd Bank promoters conclude fundraise through rights issue
Funds from this disinvestment and rights issue will be remitted on or before February 18, 2021, as allowed by SEBI, the IndusInd Bank said
BusinessToday.In | February 17, 2021 | Updated 12:47 IST
The promoters stake would touch 15 per cent once they infuse additional capital into IndusInd Bank
IndusInd International Holdings Ltd (IIHL), the promoter company of IndusInd Bank, has concluded fundraise process through a rights issue, which was oversubscribed.
The company raised the capital at an overwhelming premium of 1,400 per cent the subscription of this rights issue, the bank said in a statement to the stock exchanges.
IndusInd Bank promoters raise Rs 2,021 crore at 61% premium indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.