You are here: Home » PTI Stories » National » News
Business Standard

IndusInd Bank to raise Rs 1,000 cr via bonds

Press Trust of India  |  New Delhi 

today said its board has approved raising of Rs 1,000 crore by issuing bonds on private placement basis.

The approval has been given by the committee of the board, the said in a regulatory filing.

The board, it said, has approved the allotment of 10,000 rated, listed, non-convertible, perpetual, subordinated and unsecured Basel III-compliant bonds in the nature of debentures towards non-equity regulatory additional tier 1 capital, for face value of Rs 10 lakh each for aggregating to Rs 1,000 crore on private placement basis.

"The aforesaid bonds will be issued in dematerialised form and will be listed on the Wholesale (WDM) segment of of Limited," the filing on said.

of closed at Rs 1,431.75 on BSE, down 0.27 per cent.

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

First Published: Tue, April 18 2017. 21:32 IST