IndusInd Bank plans to raise ₹30,000 crore via sale of shares, debt securities

In a stock exchange filing, the lender said its Board of Directors approved the fund raise at a meeting held on Friday.

The Board has approved "raising of funds through debt securities in any permitted mode on a private placement basis as may be decided, for an aggregate amount of ₹20,000 crores or its equivalent amount in permitted foreign currencies".

This is subject to the approval of shareholders and regulatory/statutory approvals.

Further, the bank plans to raise ₹10,000 crore through issue or placement of securities including American Depository Receipts, Global Depository Receipts, Qualified Institutional Placement in permitted foreign currencies.

IndusInd Bank has convened its Annual General Meeting on August 27 in Pune.

Shares of the bank closed at ₹1432.20 a piece on Friday, down 1.58% over previous close.