IndusInd Bank

IndusInd gets nod to raise more capital

Posted by : man
Price when posted : BSE: Rs 40.75 ( -0.61 % ), NSE: Rs. 40.90 ( -0.49 % )

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Ok to buy if price drops to 36/37 level.
Nothing to worry as downward risk form 36 level is max of rs 5....

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IndusInd gets nod to raise more capital

Posted by : latikav

After raising $51.73 million (around Rs 248 crore) in June through issue of global depository receipts (GDRs), private sector lender IndusInd Bank has got the shareholders’ approval for raising further capital, if a need arises. The proposal was approved at the bank’s annual general meeting (AGM) last month.
The capital raised through the GDR issue is scheduled to be infused over a span of 12 months. "With the capital raised through GDRs in June, our bank is adequately capitalised, and we do not need to float any public issue right now. With the announcement in our last AGM, we are just creating a headroom for raising more capital, if required, once the corpus of the GDR is exhausted," said Romesh Sobti, managing director, IndusInd Bank.

The board was free to offer more public or private offerings by way of public issue, rights issue, preferential allotment and QIP.

BS...

BSE Announcements on IndusInd Bank

Posted by : MMB Messenger
Price when posted : [IndusInd Bank - BSE:Rs. 41.70 NSE:Rs. 41.40 when posted]

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Indusind Bank Ltd has informed BSE regarding a Press Release dated October 23, 2008 titled "Indusind Bank ties-up with World Gold Council"...

NSE Announcements on IndusInd Bank

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Price when posted : [IndusInd Bank - BSE:Rs. 42.45 NSE:Rs. 42.45 when posted]

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Indusind Bank Limited has informed the Exchange regarding a press release dated October 23, 2008, titled "IndusInd Bank ties-up with World Gold Council". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

NSE Announcements on IndusInd Bank

Posted by : MMB Messenger
Price when posted : [IndusInd Bank - BSE:Rs. 43.55 NSE:Rs. 43.55 when posted]

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Indusind Bank Limited has submitted to the Exchange a copy of the Minutes of the Annual General Meeting of the members of the Bank held on September 22, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...

IndusInd gets nod to raise more capital

Posted by : latikav
Price when posted : BSE: Rs 42.85 ( 0.59 % ), NSE: Rs. 42.85 ( 0.47 % )

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After raising $51.73 million (around Rs 248 crore) in June through issue of global depository receipts (GDRs), private sector lender IndusInd Bank has got the shareholders’ approval for raising further capital, if a need arises. The proposal was approved at the bank’s annual general meeting (AGM) last month.
The capital raised through the GDR issue is scheduled to be infused over a span of 12 months. "With the capital raised through GDRs in June, our bank is adequately capitalised, and we do not need to float any public issue right now. With the announcement in our last AGM, we are just creating a headroom for raising more capital, if required, once the corpus of the GDR is exhausted," said Romesh Sobti, managing director, IndusInd Bank.

The board was free to offer more public or private offerings by way of public issue, rights issue, preferential allotment and QIP.

BS......

BSE Announcements on IndusInd Bank

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Price when posted : [IndusInd Bank - BSE:Rs. 43.85 NSE:Rs. 43.60 when posted]

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Indusind Bank Ltd has informed BSE regarding the minutes of the 14th Annual General Meeting (AGM) of the Bank held on September 22, 2008....