IndusInd Bank plans to raise up to Rs 20,000 cr by issuing bonds on private placement basis

Private sector IndusInd Bank plans to raise up to Rs 20,000 crore by issuing bonds on a private placement basis from the domestic of foreign markets, the bank said in its annual report 2018-19

• The bank said it will put up the proposal before the shareholders in its ensuing annual general meeting to be held on 16 August, 2019, in Pune

• The money is to be raised on a private placement basis, in the domestic and/or overseas market during a period of one year from the date of passing of the resolution, it added

• Shares of IndusInd Bank were trading 0.40 percent up at Rs 1,422.90 on the BSE

Updated Date: July 23, 2019 16:11:36 IST