IndusInd entity sells over 30 lakh shares

SME News, Thursday, Dec 27, 2012 14:44:37 PM IST

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MUMBAI: Leading promoter for IndusInd Bank, IndusInd International Holdings has sold off 33 lakh shares at the gross rate of Rs 138 crore to private sector players. There are chances that this could lead to further incorporation of SME players into the industry, if all go as per plans. Earlier, the latter company had sold about 46 lakh shares at an average Rs 196 crore.

The bank shares among the sold lots amounted to 32.75 lakh, stock exchange data reveal. The per share rate could be put at around Rs 423.

Icon Capital A/C Afrin Dia purchased about 17 scrips of the bank. The bank currently holds 13.12% stake.

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