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IndusInd Bank to raise Rs 1,500cr by bonds

Press Trust of India  |  New Delhi 

Private sector will raise Rs 1,500 crore by issuing bonds on private placement basis.

"The proposes to raise funds by issue and allotment of senior unsecured redeemable non-convertible long term bonds in the nature of debentures for face value of Rs 10 lakh each for aggregating to Rs 1,500 crore on private placement basis," it said in an exchange filing.

said the borrowing will be withing the overall borrowing limits of the bank.

The board of directors will consider the proposal to issue and allot securities, it added.

of the bank closed 0.97 per cent down at Rs 1078.85 on

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, December 01 2016. 21:28 IST