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Mumbai: lnduslnd Bank promoters IndusInd International Holdings Ltd (IIHL) have converted warrants in the bank at a 60 percent premium to Tuesday s closing price investing Rs 2,021 crores, putting to rest doubts on whether the Hinduja- backed company had the financial muscle to keep capitalising its crown jewel.
The investment was done by raising funds through a rights share sale to the holders of IIHL and from sale of some assets that the company held. Furthermore, pledging a portion of the bank s shares with banks which made investors wary was to create a war chest for IIHL that is preparing to list itself. Hindujas said the pledge doesn’t reflect the financial strength of the business family.
Let’s take a look at the pictures from the event.Read Less
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01 p Exactly 13 years after the Bombay Stock Exchange (BSE) erected a massive bronze sculpture of a charging bull outside its headquarters, the iconic Pheroze J - Photogallery
Exactly 13 years after the Bombay Stock Exchange (BSE) erected a massive bronze sculpture of a charging bull outside its headquarters, the iconic Pheroze J. Jeejeebhoy Towers on Dalal Street on Saturday got another big bull. This time, the image is of a ready-to-charge Zebu Bull , with a pair of long, piercing horns pointing to the sky, which has come up at the Rajni Patel Chowk in the financial hub of Worli. It s a joint collaboration of the IndusInd Bank, the Hinduja Foundation and the Municipal Corporation of Greater Mumbai (MCGM), and becomes the fourth bovine gracing the country s commercial capital. Designed by Arzan Khambatta, the Zebu Bull is placed opposite the headquarters of the Hinduja group, which also runs the IndusInd Ba
IndusInd Bank unveils a Zebu Bull sculpture at Worli
Posted On: 2021-01-10 04:47:14 (Time Zone: Arizona, USA)
IndusInd Bank in partnership with the Municipal Corporation of Greater Mumbai (MCGM) and supported by the Hinduja Foundation, unveiled a majestic sculpture of its brand identity -The Zebu Bull at Rajni Patel Chowk, located in the central business district of Worli in Mumbai. The installation is part of MCGM s efforts at beautifying the city through public-private art initiatives.
The Zebu bull embodies the rich heritage of the ancient Indus Valley Civilization that represents a vibrant and progressive community which is synonymous with the city of Mumbai, and resonates the sense of positivity and undaunted spirit of its residents.
Mumbai: Aaditya Thackeray unveils the âZebuâ Bull at Worli
The Zebu bull embodies the rich heritage of the ancient Indus Valley Civilization that represents a vibrant and progressive community which is synonymous with the city of Mumbai.
Tourism and Environment Minister Aaditya Thackeray with Ashok Hinduja, Managing Trustee, Hinduja Foundation at the inauguration of Zebu Bull ceremony at Lotus Jetty Junction, Worli, in Mumbai on Saturday.
Bhushan Koyande
IndusInd Bank in partnership with the Brihanmumbai Municipal Corporation and supported by the Hinduja Foundation, unveiled a majestic sculpture of its brand identity - The Zebu Bull at Rajni Patel Chowk, located in the central business district of Worli. The installation is part of MCGMs efforts at beautifying the city through public-private art initiatives.