Ing Vysya Bank to close QIP bidding

R. Yegya Narayanan Updated - June 17, 2011 at 10:57 AM.

Ing Vysya Bank Ltd has said that in respect of issue of equity shares of face value Rs 10 each to Qualified Institutional Buyers under Qualified Institutional Placement, the duly authorised Committee of the Board of Directors has on June 16 decided to close the bidding and approved the issuance of 1,50,00,014 equity shares at Rs 342.09 per share (including a premium of Rs 332.09 per share) aggregating Rs 513.14 crore (approximately).

Published on June 17, 2011 05:26