ING Vysya Bank Ltd has raised Rs 230 crore by issuing 9.27 million equity shares of Rs 10 each at a price of Rs 248.10 per equity share including a premium of Rs 238.10 per equity share to qualified institutional buyers (QIBs). The issue was closed on September 8, 2009.
According to a press release issued by the bank, the committee of the board of directors has approved the issue of shares to QIBs.
The bank has further informed BSE that the floor price in respect of the aforesaid Qualified Institutions Placement, based on the pricing formula as prescribed under Regulation 85 (1) SEBI (Issue of capital and Disclosure Requirements) Regulations, 2009 is Rs 248.09 per equity share, and the Relevant Date for this purpose, in terms of Regulation 81(c) (i) SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, is September 7, 2009.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app