IndusInd Bank raises Rs 2,021 Cr via conversion of warrants By IANS | Published on Thu, Feb 18 2021 14:48 IST | 0 Views Rupees.. Image Source: IANS News Mumbai, Feb 18 : IndusInd Bank has raised Rs 2,021 crore of common equity capital through conversion of preferential warrants issued to the promoter entities. Accordingly, IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL) were issued the preferential warrants. The warrants were issued as an integral part of the merger with Bharat Financial Inclusion Limited in July 2019. At the time of subscription to the warrants, the promoter entities had paid Rs 673 crore and the balance amount of Rs 2,021 crore was paid on Thursday.