India’s IndusInd Bank raises $351 million from QIP

The deal triggers additional buying in the open market, pushing the stock to a new 12-month high in the wake of the transaction.
November 28, 2012

IndusInd Bank, a private sector bank in India, will raise Rs19.54 billion ($351 million) from a qualified institutional placement (QIP) after sources said the price would be fixed at the bottom of the range.

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