IndusInd Bank shareholders ALERT: BIG UPDATE! Bank gets board's approval to raise up to Rs 30,000 cr via equity, debt; AGM on August 26
The bank's board approved a proposal for raising funds through debt securities or equity instruments or convertible debt securities in any permitted mode such as Qualified Institutional Placement or American Depository Receipts or Global Depository Receipts
Besides, the board in its meeting approved a proposal to raise authorised capital to Rs 1,000 crore from existing Rs 857 crore. Source: Reuters