Private sector lender ING Vysya Bank today said it has raised a total of Rs 415 crore through private placement of shares with potential buyers and via preferential allotment.
The company has made a preferential allotment of 74,93,478 shares to ING Group that will enable ING to maintain their stake at 43.93 per cent in the bank, at Rs 248.10 a piece, aggregating to over Rs 185.91 crore, ING Vysya Bank said in a statement.
Earlier in the day on the Bombay Stock Exchange, the bank has said it has raised Rs 230 crore through private placement of shares with qualified institutional buyers.
The bank has issued 92,70,455 shares at Rs 248.10 a piece totalling to Rs 230 crore to qualified buyers, ING Vysya Bank said in a filing to the BSE.
Shares of ING Vysya Bank today closed at Rs 265.25 on the BSE, up 3.25 per cent from previous close.
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