IndusInd Bank Announces Plan to Raise Rs 30,000 Crore

IndusInd Bank plans to raise Rs 30,000 crore via debt securities and share sales. This decision, approved by the Board of Directors, awaits shareholder and regulatory approvals. The bank's Annual General Meeting is scheduled for August 27 in Pune, with shares closing at Rs 1432.20, down 1.58%.

Private sector lender IndusInd Bank announced plans to raise Rs 30,000 crore through a combination of debt securities and share sales on Friday.

During a meeting, the Board of Directors approved raising Rs 20,000 crore through private placement of debt securities, pending shareholder and regulatory approvals.

The bank also intends to raise an additional Rs 10,000 crore via various securities including ADRs, GDRs, and QIP in foreign currencies, subject to approvals.

IndusInd Bank's Annual General Meeting is set for August 27 in Pune. On Friday, the bank's shares fell by 1.58% to close at Rs 1432.20.

(With inputs from agencies.)