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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 Research Team / 15:28, Mar 13, 2015
Markets are now reinforcing the perception of an early interest rate hike by US Federal Reserve, with consensus calling for the hike taking place in June, when compared with the prior expectations of a hike in September.