General Announcement::Allotment of Equity Shares on Preferential Basis

Issuer & Securities

Issuer/ Manager
INDUSIND BANK LIMITED (ACTING THROUGH ITS INTERNATIONAL FINANCIAL SERVICES CENTRE BANKING UNIT)
Securities
INDUSINDBKUS$400M3.875%N220415 - XS1978939079 - JNNB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
04-Sep-2020 18:28:26
Status
New
Announcement Sub Title
Allotment of Equity Shares on Preferential Basis
Announcement Reference
SG200904OTHR9YXV
Submitted By (Co./ Ind. Name)
IndusInd Bank Limited
Designation
Company Secretary
Description (Please provide a detailed description of the event in the box below)
We hereby inform that pursuant to the Resolution passed by the Shareholders of the Bank in the Extraordinary General Meeting held on August 25, 2020, on issuance of Equity Shares on Preferential Basis to Non-Qualified Institutional Buyers (Non-QIBs), the Finance Committee of the Board of Directors of the Bank at its meeting held today, September 4, 2020, has approved the allotment of 1,51,17,477 (One crore, Fifty-one lakhs, Seventeen thousand, Four hundred and Seventy-seven) equity shares of face value of INR 10 each ( Equity Share ), at a price of INR 524 (Indian Rupees Five hundred and twenty-four only) per Equity Share (including premium of INR 514 (Indian Rupees Five hundred fourteen only) per Equity Share, on preferential basis, for aggregate consideration of INR 792,15,57,948 (Indian Rupees Seven hundred ninety-two crores, Fifteen lakhs, Fifty-seven thousand, Nine hundred and forty-eight only) in the manner specified in the attached letter.

Consequently, the issued, subscribed and paid-up equity share capital of the Bank stands increased from the present level of INR 741,19,58,060 (divided into 74,11,95,806 equity shares of face value of INR 10 each) to INR 756,31,32,830 (divided into 75,63,13,283 equity shares of face value of INR 10 each).

Attachments

Stock Exchange Intimation on Allotment of Equity Shares on Preferential basis to Non QIBs September 4 2020.pdf
Total size =421K