The Indian bank placed shares with institutional investors in order to boost its reserve capital.
August 28, 2015 at 05:36 AM
1 minute read
The original version of this story was published on Global Lawyer News
Khaitan & Co. and Dorsey & Whitney had the lead roles on the recent $675 million share placement of India’s IndusInd Bank Ltd.
The Mumbai-based retail bank sold the shares at to both domestic and international institutional investors. The money raised will be used to boost IndusInd’s capital reserves and further grow the business.
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