IndusInd Bank Raises up to Rs. 36 Crore in Share Sale

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By Naagesh N. | November 27, 2012 4:41 PM EST

IndusInd Bank launched late on Monday a share sale to raise up to $360 million (Rs. 36 crore), two sources with direct knowledge of the deal said, as it looks to boost its capital base.

The share sale to institutional investors was launched at a floor price of about 374 rupees a share, said the sources, declining to be named as they were not authorised to speak to the media.

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Copyright 2012 Thomson Reuters. All rights reserved.

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