IndusInd Bank gains 6% as promoter buys additional 1.39 lakh shares

Thus far in June, IndusInd International Holdings has bought 1.73 million equity shares of the bank through open market

Shares of IndusInd Bank rose 6 per cent to Rs 520 on the BSE on Tuesday after the private sector lender said that its promoter had acquired additional shares of the bank through open market purchases.

“On June 18, IndusInd International Holdings, one of the promoters of Bank, purchased 139,000 equity shares of the bank for Rs 6.82 crore,” IndusInd Bank said in an exchange filing.

Thus far in the month of June, IndusInd International Holdings has bought 1.73 million equity shares (representing 0.25 per cent of total equity) worth of Rs 85.51 crore of IndusInd Bank through open