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IndusInd Bank acquires 75 lakh equity shares of Kesoram Industries

Capital Market 

On exercise of conversion option of Optionally Convertible Redeemable Preference Shares

has acquired 75,00,000 Equity of Rs.10 each, pursuant to exercise of conversion option on 'Optionally Convertible Redeemable Preference Shares', i.e., conversion of each Optionally Convertible Preference Share held by the into 10 Equity of Industries at a price of Rs.120 per Equity Share.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)