The price per share has been fixed at Rs 234.55 per share of face value of Rs.10 each for the QIP offering.The US$253mn amount raised represents 13.39% of the post-offer equity capital of the Bank.
Speaking on the occasion, Romesh Sobti, Managing Director & CEO, IndusInd Bank, said, This second QIP offering has made the Bank well capitalised and it will now meet our major growth aspirations. The response from institutional investors was encouraging.
India Infoline News Service / 08:59, Sep 15, 2014
Many a times parents overlook other goals as they are too busy focusing on just one goal, that is on their child's education. They are too emotionally involved in achieving this particular goal that they forget planning for their retirement and saving for other emergencies.