IndusInd Bank plans to raise up to Rs 20,000 crore by issuing bonds

Private sector IndusInd BankNSE -0.11 % plans to raise up to Rs 20,000 crore by issuing bonds on a private placement basis from the domestic of foreign markets, the bank said in its annual report 2018-19.

The bank said it will put up the proposal before the shareholders in its ensuing annual generalNSE -4.71 % meeting to be held on August 16, 2019, in Pune.


The bank said it board of directors it will seek consent of members (shareholders) for borrowing/raising of funds in Indian/foreign currency by way of issue of securities, in the nature of bonds/non-convertible debentures, long-term infrastructure bonds, medium term notes or any other listed debt security aggregating up to an amount not exceeding Rs 20,000 crore.


The money is to be raised on a private placement basis, in domestic and/or overseas market during a period of one year from the date of passing of resolution, it added.

Stock of IndusInd Bank was trading 0.40 per cent up at Rs 1,422.90 on the BSE

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