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IndusInd Bank raises Rs. 2021 crores common equity via conversion of warrants issued to the Promoters


IndusInd Bank raises Rs. 2021 crores common equity via conversion of warrants issued to the Promoters
Posted On:
2021-02-17 23:57:33
(Time Zone: Arizona, USA)
IndusInd Bank today raised Rs 2021 crores of common equity capital through conversion of preferential warrants issued to the Promoter entities - IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL). The warrants were issued as an integral part of the merger with Bharat Financial Inclusion Limited in July 2019. The Promoter entities had paid Rs 673 crores at the time of subscription to the warrants and the balance amount of Rs 2021 crores was paid today.
The finance committee of the Bank today approved allotment of 1,57,70,985 shares to thePromoter entities. The warrants are converted at a price of Rs 1,709 per share reflecting a premium of 65% over the closing price on February 17, 2021. ....

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Promoters inject Rs 2,021 crore in IndusInd Bank via conversion of warrants


Promoters inject Rs 2,021 crore in IndusInd Bank via conversion of warrants
IndusInd Bank said that the warrants were converted at a price of Rs 1,709 per share reflecting a premium of 65 per cent over Wednesday s closing price of Rs 1,032.60
BusinessToday.In | February 18, 2021 | Updated 18:34 IST
IndusInd Bank raises Rs 2,021 crore of common equity capital
Private lender IndusInd Bank on Thursday said it has raised Rs 2,021 crore of common equity capital through conversion of preferential warrants issued to the Promoter entities - IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL). The warrants were issued as an integral part of the merger with Bharat Financial Inclusion Limited in July 2019. The Promoter entities had paid Rs 673 crores at the time of subscription to the warrants and the balance amount of Rs 2,021 crore was paid today, the lender said in an exchange filing. ....

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Nifty, Sensex may move sideways – Thursday closing report


Nifty, Sensex may move sideways – Thursday closing report
Moneylife Digital Team
 0
We had mentioned in Wednesday’s closing report that Nifty, Sensex may remain under mild pressure. On Thursday, the major indices opened higher but faced another minor correction. On the NSE, there were 1,061 advances, 862 declines and 326 unchanged.
 
The trends of the major indices in the course of Thursday’s trading are given in the table below:
 
 
Shilpa Medicare received an Import Alert 66-40 on February 17, 2021 after the USFDA inspection of the Unit 4, Jadcherla, Telangana facility from February 13 - 20 and February 24-25, 2020. The products that have been exempted from the Import Alert are - Azacitidine for Injection, Cyclophosphamide Capsules and Erlotinib Tablets. ....

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