IndusInd Bank has weakened on the BSE after the RBI said the foreign investors would have to get its prior permission for buying shares in the bank. The stock is currently trading at Rs 496, down Rs 15 or 3%.
The RBI said foreign shareholding through foreign institutional investors, NRIs, persons of Indian origin or via foreign direct investment in IndusInd Bank has reached the trigger limit.
The scrip has touched an intra-day high of Rs 505.00 and low of Rs 499 thus far.