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IndusInd Bank raises Rs 2,021 Cr via conversion of warrants


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. ....

Sumant Kathpalia , Indusind International Holdings Limited , Indusind Limited , Indusind Bank , Bharat Financial Inclusion Limited , Managing Director , இந்துசின்த் சர்வதேச ஹோல்டிங்ஸ் வரையறுக்கப்பட்டவை , இந்துசின்த் வரையறுக்கப்பட்டவை , இந்துசின்த் வங்கி , பாரத் நிதி சேர்த்தல் வரையறுக்கப்பட்டவை , நிர்வகித்தல் இயக்குனர் ,

IndusInd Bank raises Rs. 2021 crores common equity via conversion of warrants issued to the Promoters


IndusInd Bank raises Rs. 2021 crores common equity via conversion of warrants issued to the Promoters
Posted On:
2021-02-17 23:57:33
(Time Zone: Arizona, USA)
IndusInd Bank today raised Rs 2021 crores of common equity capital through conversion of preferential warrants issued to the Promoter entities - IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL). The warrants were issued as an integral part of the merger with Bharat Financial Inclusion Limited in July 2019. The Promoter entities had paid Rs 673 crores at the time of subscription to the warrants and the balance amount of Rs 2021 crores was paid today.
The finance committee of the Bank today approved allotment of 1,57,70,985 shares to thePromoter entities. The warrants are converted at a price of Rs 1,709 per share reflecting a premium of 65% over the closing price on February 17, 2021. ....

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