Aasia Corporation today acquired 4 lakh shares of private sector lender IndusInd Bank for nearly Rs 19 crore through the open market route. The shares were purchased from Aasia Exports, according to the block deal information with stock exchanges.
Aasia Corp picked up IndusInd Bank's shares for an average price of Rs 472 apiece, valuing the total transaction at Rs 18.88 crore.
IndusInd Bank, which is among the first new generation private sector banks that obtained a licence in 1994, was conceptualised by Srichand P Hinduja, Hinduja Group chairman.
Shares of IndusInd Bank dropped 0.98 percent to close at Rs 467.90 apiece, on the BSE.
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