Money through QIP, Indus Ind Bank.

by khalid on 12/08/2009 · 0 comments

IndusInd Bank has raised $100 million by placing shares with institutions at 87.5 rupees a share, two sources with direct knowledge of the deal said.

Morgan Stanley and IDFC-SSKI were arrangers to the deal that resulted in a dilution of 13 percent, the sources who declined to be named said.

Company officials declined to comment on the deal immediately.

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