IndusInd Bank Acquires IL&FS subsidiary

Business Jul 03, 2018 Lawstreet News Network 2 Shares

IndusInd Bank Limited (IBL) today has signed a definitive share purchase agreement with Infrastructure Leasing and Financial Services Limited, (IL&FS) and other minority shareholders to acquire 100% of IL&FS Securities Services Limited, (ISSL); IL&FS’s subsidiary specializing in the capital markets business.

Also Read - IndusInd Bank to raise Rs 2,496 crores through PE shares from Marquee Investors

The Reserve Bank of India has granted approval for the proposed transaction.

S&R Associates acted for IndusInd Bank and the team was led by Partners Rajat Sethi and Sudip Mahapatra along with Jagriti Mohata, Dhruv Nath, and Akanksha Sharma.

Also Read - IndusInd Bank to raise Rs 3288 crores via preferential issue

Cyril Amarchand Mangaldas advisory of Infrastructure Leasing and Financial Services and the team was led by Managing Partner Cyril Shroff along with Partners Ramgovind Kuruppath and Manisha Kumar.

ISSL was incorporated in July 2006 as the capital markets mediator for professional clearing and custodial services.

This acquisition will help IndusInd bank to raise the present capital market business in the bank and bring new specialized products inside the market.

IndusInd Bank to raise Rs 2,496 crores through PE shares from Marquee Investors

Business Sep 04, 2020 Shreya Tulavi ( Editor: Ekta Joshi ) 5 Shares

IndusInd Bank on Wednesday(September 2, 2020), announced that it has approved allotment of preferential equity (PE) shares to marquee investors to raise Rs 2,495.79 crore. The Finance Committee of the board of directors at its meeting held on September 2, 2020, approved allotment of 4,76,29,768 equity shares of the face value of Rs 10 each at a price of Rs 524 per share on a preferential basis, for an aggregate consideration of Rs 24,95,79,98,432.Announcing the move, the IndusInd Bank said in a...

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IndusInd Bank to raise Rs 3288 crores via preferential issue

Business Jul 29, 2020 Saumya Srivastava ( Editor: Ekta Joshi ) 0 Shares

IndusInd Bank, the 5th largest private sector lender, on Tuesday (28th July), said that a fund-raising plan of Rs 3288 crores through a preferential issue has been approved by its board.The bank will be allotting 6.275 crore equity shares at a price of Rs 524 per share to a set of marquee investors and promoters, subject to shareholders and other approvals needed. Sumant Kathpalia, Managing Director and Chief Executive of IndusInd Bank said that this is the bank is raising capital for the...

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IndusInd Bank Acquires IL&FS subsidiary

Also Read - IndusInd Bank to raise Rs 2,496 crores through PE shares from Marquee Investors

Also Read - IndusInd Bank to raise Rs 3288 crores via preferential issue

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IndusInd Bank to raise Rs 2,496 crores through PE shares from Marquee Investors

IndusInd Bank to raise Rs 3288 crores via preferential issue

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