ING Vysya board nod for fund raising plans

The board of directors of ING Vysya Bank today approved raising of fresh funds by further issue of capital, including Global Depository Receipts, foreign currency convertible bonds, qualified institutions placement, preferential issue or rights issue.

The bank plans to issue up to 24.1 million equity shares, subject to the approval of shareholders and regulatory authorities, the bank said in a statement, here today.