IndusInd Bank acquires 75 lakh equity shares of Kesoram Industries

On exercise of conversion option of Optionally Convertible Redeemable Preference Shares

IndusInd Bank has acquired 75,00,000 Equity Shares of Rs.10 each, pursuant to exercise of conversion option on 'Optionally Convertible Redeemable Preference Shares', i.e., conversion of each Optionally Convertible Preference Share held by the Bank into 10 Equity Shares of Kesoram Industries at a price of Rs.120 per Equity Share.

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