Dues recovery: lnduslnd Bank acquires 4.79% in McLeod Russel by invoking pledged shares : Rashtra News In June, lnduslnd Bank had acquired 70,67,500 equity shares of McLeod, forming 6.77% of paid-up equity share capital, by invoking pledged shares also for recovery of its dues.lnduslnd Bank on Thursday said it has acquired a 4.79% stake in debt-laden
lnduslnd International Holdings Ltd (IIHL), the promoter company of lnduslnd Bank, has completed its capital raise through a rights issue at an overwhelming premium of 1,400 per cent towards subscription. This reiterates the confidence of IIHL s global shareholders spread across 34 countries in the decision of IIHL and its subsidiary IndusInd Ltd to redeem the balance 75 per cent of warrants at a price of Rs 1709 per share (a huge premium over the current market price of Rs 1,059) aggregating to Rs 2,021.45 crore, it said in a statement.
To support the redemption of warrants, IIHL has decided to monetise some of the other mature, non-core investments. The funds from this divestment and the rights issue will be remitted on or before February 18 as permitted by the Securities and Exchange Board of India (SEBI).
IndusInd Bank promoters complete capital raise through rights issue ANI | Updated: Feb 17, 2021 13:45 IST
Port Louis [Mauritius], February 17 (ANI): lnduslnd International Holdings Ltd (IIHL), the promoter company of lnduslnd Bank, has completed its capital raise through a rights issue at an overwhelming premium of 1,400 per cent towards subscription. This reiterates the confidence of IIHL s global shareholders spread across 34 countries in the decision of IIHL and its subsidiary IndusInd Ltd to redeem the balance 75 per cent of warrants at a price of Rs 1709 per share (a huge premium over the current market price of Rs 1,059) aggregating to Rs 2,021.45 crore, it said in a statement.