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
03-Sep-2020 20:29:30
Status
New
Announcement Sub Title
Allotment of Equity Shares on Preferential Basis
Announcement Reference
SG200903OTHR8PTO
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 Qualified Institutional Buyers (QIBs), the Finance Committee of the Board of Directors of the Bank at its meeting held yesterday, i.e., September 2, 2020, approved the allotment of 4,76,29,768 (Four Crores, Seventy-six Lakhs, Twenty-nine Thousand, Seven Hundred and Sixty-eight) equity shares of face value of INR 10 each ("Equity Share") at a price of INR 524 (Indian Rupees Five Hundred and Twenty Four) per Equity Share (including a premium of INR 514 (Indian Rupees Five hundred and Fourteen) per Equity Share) on a preferential basis, for an aggregate consideration of INR 2495,79,98,432 (Indian Rupees Two Thousand Four Hundred and Ninety-Five Crores, Seventy Nine Lakhs, Ninety Eight Thousand, Four Hundred and Thirty Two) 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 693,56,60,380 (divided into 69,35,66,038 equity shares of face value of INR 10 each) to INR 7 41, 1 9 ,58,060 ( divided into 7 4, 11,9 5,806 equity shares of face value of INR 10 each).

Attachments

SE Intimation on Allotment of Equity Shares on Preferential basis to QIBs September 2 2020.pdf
Total size =268K