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Induslnd Bank has raised Rs 5,081 crore through QIP, preferential issue

On Wednesday, the Induslnd Bank said that it has raised Rs 5,081 crore through the issue of six crore new shares via QIP and preferential issuances.

The bank said in a BSE filing that “With the completion of the preferential issue of promoters, IndusInd Bank has, in combination with the recent QIP issue, successfully raised Rs 5,081 crore of common equity through issuance of 6 crore new shares.”

It further added that the raised capital will be used to support bank’s growth and also augment total capital adequacy ratio.

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