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Indusind Bank: Announcement under Regulation 30 (LODR)-Raising of Funds


Raising funds through debt securities or equity instruments or convertible debt securities in any permitted mode such as through QIP /ADRs /GDRs program or combinations on a private placement basis thereof as may be decided by the Board for an aggregate amount not exceeding INR 30 000 crores or its equivalent amount in such foreign currencies as may be necessary subject to approval of the Shareholders of the Bank and receipt of other governmental/ regulatory/statutory approvals.

Increase in Authorized Capital of the Bank to Rs.1000 00 00 000 consisting of 100 00 00 000 equity shares of Rs.10 each from the present level of Rs.857 00 00 000 consisting of 85 70 00 000 equity shares of Rs.10 each subject to approval of the Shareholders of the Bank the RBI & other governmental / regulatory/statutory approvals as applicable. The consequential alteration in Capital Clause of the Memorandum of Association of the Bank & change in Articles of Association shall be carried out.

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