IndusInd Bank To Raise Rs 30,000 Crore Through Issue Of Debt, Equity

IndusInd Bank to raise Rs 30,000 crore via debt, equity mix - tennews.in: National News Portal

Mumbai, July 23 (IANS) The Hinduja family-promoted IndusInd Bank’s Board of Directors on Wednesday approved raising up to Rs 30,000 crore through a combination of debt and equity and allowed the promoters to nominate two board directors, as it seeks to restore confidence in its operations after the recent Rs 2,000 crore accounting lapse. The […] The post IndusInd Bank to raise Rs 30,000 crore via debt, equity mix appeared first on tennews.in: Na…

IndusInd Bank To Raise Rs 30,000 Crore Through Issue Of Debt, Equity

The board of IndusInd Bank Ltd. has on Wednesday approved the raising of funds worth Rs 30,000 crore through various financial instruments, as per an exchange filing.The lender is set to raise Rs 20,000 crore through the issue of debt securities on a private placement basis, as per the filing. An additional Rs 10,000 crore equity fund raise through the issue or placement of securities such as depository receipts, or via qualified placement issue…