Further, the board has approved to raise funds by issuing up to 2,41,09,456 equity shares through national and international funds raising routes.
The company would raise funds from the domestic markets by private placement of shares with qualified institutional buyers, or through preferential issue or right issue. It may also raise funds through international route by global depository receipts or foreign currency convertible bonds, the filing added.
The proposal is subjected to the shareholder's approval.
Shares of ING Vysya Bank were trading at Rs 221 on the BSE, up 3.76 per cent from the previous close.
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