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Monday, 3 December 2012

IndusInd selling shares to raise up to $360 mn

 
IndusInd Bank launched a share sale to raise up to $360 million to boost its capital base. The share sale to institutional investors was launched at a floor price of about Rs 374 a share. IndusInd Bank picked Morgan Stanley, brokerage CLSA and local investment bank JM Financial Ltd to manage the share offering.

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