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16-Apr2019

IndusInd Bank surges on allotting notes aggregating $400 million

IndusInd Bank is currently trading at Rs. 1780.75, up by 34.10 points or 1.95% from its previous closing of Rs. 1746.65 on the BSE.

The scrip opened at Rs. 1750.00 and has touched a high and low of Rs. 1781.90 and Rs. 1750.00 respectively. So far 28237 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2037.90 on 03-Aug-2018 and a 52 week low of Rs. 1333.90 on 31-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1780.00 and Rs. 1725.75 respectively. The current market cap of the company is Rs. 106381.70 crore.

The promoters holding in the company stood at 16.80%, while Institutions and Non-Institutions held 63.28% and 19.92% respectively.

IndusInd Bank has allotted the Notes that were launched and priced on April 8, 2019 carrying a fixed coupon of 3.875% per annum, payable on a semi-annual basis, for a tenor of three years, having maturity date of April 15, 2022, through its IBU, having an issue size of $400 million, under the Medium Term Note Programme of the Bank. The Board of Directors of the bank at its meeting held on April 16, 2019 has approved the same.

IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.


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