The issue involves a fresh equity sale totaling Rs 410 crore. The public offering allocates approximately 50% to qualified institutional buyers, 35% to retail investors, and 15% to non-institutional investors. In the unlisted market, the company’s shares are trading with a Grey Market Premium (GMP) of Rs 70, reflecting a 54% premium over the issue price.
RBI probing banks’ derivatives books amid IndusInd fallout, sources say
India’s central bank is examining derivatives exposures of some private and state-run banks days after IndusInd Bank disclosed lapses in its derivatives accounting, three sources
March 12, 2025