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Indusind Bank raises US$253mn via QIP

India Infoline News Service | Mumbai | September 27, 2010 15:04 IST

The US$253mn amount raised represents 13.39% of the post-offer equity capital of the Bank.

IndusInd Bank has successfully concluded its second Qualified Institutional Placement (QIP) offering of US$253mn. The issue received an encouraging response and allotments were made to an extent of US$253 mn.


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.







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