IndusInd Bank to raise $100 mn through QIP

IndusInd Bank to raise $100 mn through QIP

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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