IndusInd Bank on Saturday said it is planning to raise up to ₹30,000 crore through a mix of equity and debt to fund its business growth. The bank's board approved a proposal for raising funds through debt securities or equity instruments or convertible debt securities in any permitted mode such as Qualified Institutional Placement or American Depository Receipts or Global Depository Receipts, it said in a BSE filing. However, the bank did not specify a timeline for raising debt and equity capital. Besides, the board in its meeting approved a proposal to raise authorised capital to ₹1,000 crore from existing ₹857 crore. Last September, the bank had raised ₹3,288 crore through preferential allotment of shares to the promoter group and select investors.

Source: Mint July 24, 2021 13:41 UTC