Indusind Bank gained 1.28% to Rs 1,088.75 at 9:25 IST on BSE after the bank announced that its board of directors passed the proposal for issuance of debentures aggregating Rs 1500 crore.
The announcement was made after market hours yesterday, 7 December 2016.Meanwhile, the S&P BSE Sensex was up 243.30 points or 0.93% at 26,480.17.
On the BSE, 1,426 shares were traded on the counter so far as against the average daily volumes of 62,699 shares in the past one quarter. The stock had hit a high of Rs 1,092.80 and a low of Rs 1,085 so far during the day.
Indusind Bank announced that its board of directors yesterday, 7 December 2016, passed issuance of senior, unsecured, redeemable, non-convertible, long term bonds in the nature of debentures of face value of Rs 10 lakh each aggregating Rs 1500 crore on private placement basis.
IndusInd Bank's net profit rose 25.8% to Rs 704.26 crore on 24% growth in total income to Rs 4439.72 crore in Q2 September 2016 over Q2 September 2015.
IndusInd Bank is a leading private sector bank in India.
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