ING Vysya Bank to raise Rs 416 crore

ING Vysya Bank to raise Rs 416 crorecING Vysya Bank on Monday said it will raise Rs 416 crore by issuing shares to potential buyers and allotting equity on preferential issue basis.

The investors committee has approved to issue 92.70 lakh shares to qualified institutional buyers at Rs 248.10 a piece aggregating to Rs 230 crore and to allot 74.93 lakh shares to ING Mauritius Holdings and ING Mauritius Investments at Rs 248.10 a share on preferential basis, aggregating to Rs 186 crore.

After touching an intraday high of Rs 266, the scrip of the company finally settled the day at Rs 260 on BSE.