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IndusInd Bank to raise $100 mn through QIP

IndusInd Bank to raise $100 mn through QIP
PTI
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First Published: Tue, Aug 11 2009. 08 56 PM IST
Updated: Tue, Aug 11 2009. 08 56 PM IST
Mumbai: Private sector IndusInd Bank on Tuesday said that it plans to raise up to $100 million by way of qualified institutional placement (QIP).
“We will be raising $100 million through a QIP. I cannot share further details at this point,” a senior officer with the bank said.
According to banking industry sources, IDFC-SSKI and Morgan Stanley are advising the bank on the issue.
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First Published: Tue, Aug 11 2009. 08 56 PM IST