Sensex 29559.18 -11.86 -0.04%
Nifty 8914.3 3.8 0.04%
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 / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.