According to a regulatory filing, the promoters of Induslnd Bank ideate to purchase added shares from the market. “We shall now purchase additional shares from the open market in India, within the overall regulatory prescribed promoter equity holding cap”, they said.
The bank had already confirmed back in the month of April that the bourses that its promoters had seek approval to the Reserve Bank of India for permission in order to increase their stake to 26 per cent.
IndusInd International Holdings and IndusInd Holdings, promoters of IndusInd Bank, presently clutch 14.68 per cent of the bank’s shares.
Also, on June 5th, IndusInd Bank shares closed at Rs 422.22 per share, up 1.84 percent from the earlier dealing.
As per the sources, the IndusInd Bank scrip was up over 6 per cent in early morning trade on Bombay Stock Exchange (BSE).