ING Vysya to raise Rs416 cr via QIP, preferential issue

ING Vysya to raise Rs416 cr via QIP, preferential issue

Mumbai: Private sector lender ING Vysya bank on Monday said it will raise Rs416 crore by issuing shares to potential buyers and allotting equity on preferential issue basis.

The investors committee has approved to issue 92,70,455 shares to qualified institutional buyers at Rs248.10 a piece aggregating to Rs230 crore and to allot 74,93,478 shares to ING Mauritius Holdings and ING Mauritius Investments at Rs248.10 per share on preferential basis, aggregating to Rs186 crore, ING Vysya Bank said in a filing to the Bombay Stock Exchange.

Shares of ING Vysya bank were trading at Rs260 on the BSE, up 0.46% from previous close.

Close