BackIndusInd Bank raises ₹5,081 crore via QIP, preferential issue
The raised capital will be used to support bank's growth and also augment total capital adequacy ratio
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New Delhi: IndusInd Bank on Wednesday said it has raised ₹ 5,081 crore by issuing six crore new shares via QIP and preferential issuances.
“With the completion of the preferential issue of promoters, IndusInd Bank has, in combination with the recent QIP issue, successfully raised ₹ 5,081 crore of common equity through issuance of 6 crore new shares," the bank said in a BSE filing.
The raised capital will be used to support bank’s growth and also augment total capital adequacy ratio, it added. The Qualified Institutional Placement (QIP) issue addressed to foreign and domestic institutional investors was priced at 2.9% premium to the Sebi determined floor price of ₹ 845 per share, the bank said.
“The Preferential Issue for promoters, namely IndusInd International Holdings Ltd and its subsidiary IndusInd Ltd, was priced at the higher of the QIP prices and the Sebi determined floor prices as applicable to preferential allotments at ₹ 857.20 per share," it said in the filing.
Shares of the bank were trading at ₹ 932.40 a piece on BSE, down 1.90%.
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