One of the promoters of IndusInd Bank -- IndusInd International Holdings -- on Monday offloaded 4.6 mn shares of the private sector lender for about Rs 196 crore through open market transaction.
From the bulk deal data available with the stock exchanges, IndusInd International sold shares of IndusInd Bank at an average price of Rs 425.43 apiece.
The deal was valued at Rs 195.7 crore. The entity held nearly 6.85 crore shares in the bank representing 13.12 per cent stake, as on December 5, 2012. On the BSE, the shares of IndusInd Bank dipped 0.67 per cent on Monday to end at Rs 424 apiece.