IndusInd Bank to raise ₹600 crore

IndusInd Bank informed the BSE on Thursday that its board has approved the raising of ₹600 crore via preferential allotment of equity shares totalling up to 10 per cent of the bank’s authorised equity share capital.. It further added that, “…as amended to promoters of the bank up to 1.5 per cent of the authorised equity share capital of the bank of ₹600 crore (‘preferential allotment’), so that post any other issue of equity shares that the bank may do…the aggregate holding of the promoters i.e., IIHL and its subsidiary, is retained at 15 per cent...”