IndusInd Bank gets ₹2,021 crore capital boost from promoters
The Hindu
Hinduja Group’s IndusInd Bank has received ₹2,021 crore equity from the promoters after the conversion of preferential warrants into equity shares.
“The warrants were issued as an integral part of the merger with Bharat Financial Inclusion Limited in July 2019. The Promoter entities had paid ₹673 crore at the time of subscription to the warrants and the balance amount of ₹2,021 crore was paid today,” IndusInd Bank said in a BSE filing.
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