IndusInd Bank is currently trading at Rs. 548.20, up by 21.30 points or 4.04% from its previous closing of Rs. 526.90 on the BSE.
The scrip opened at Rs. 532.35 and has touched a high and low of Rs. 563.75 and Rs. 532.35 respectively. So far 367148 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1596.35 on 02-Dec-2019 and a 52 week low of Rs. 235.60 on 24-Mar-2020.
Last one week high and low of the scrip stood at Rs. 536.10 and Rs. 500.00 respectively. The current market cap of the company is Rs. 36543.99 crore.
The promoters holding in the company stood at 14.65%, while Institutions and Non-Institutions held 66.79% and 18.55% respectively.
IndusInd Bank’s board has approved a proposal to raise Rs 3,288 crore through a preferential issue of fully paid up 6.275 crore equity shares at a price of Rs 524 per share, to a set of marquee investors and the Promoter. The Board of Directors of the Bank, in their meeting held on July 28, 2020, has considered and approved the same.
The preferential issue is subject to shareholder approval and other necessary approvals. The extraordinary general meeting (EGM) of shareholders, to consider the preferential issue, is scheduled to be held on August 25, 2020.
IndusInd Bank is as one of the fastest growing banks in the banking sector in India.
