IndusInd bank promoter sells 46 lakh shares for Rs 196 crore

As per the bulk deal data available with the stock exchanges, IndusInd International sold shares of IndusInd Bank at an average price of Rs 425.43 apiece.

Last Updated: Dec 24, 2012, 20:11 PM IST

Mumbai: One of the promoters of IndusInd Bank -- IndusInd International Holdings -- Monday offloaded 46 lakh shares of the private sector lender for about Rs 196 crore through open market transaction.

As per the bulk deal data available with the stock exchanges, IndusInd International sold shares of IndusInd Bank at an average price of Rs 425.43 apiece.

The deal was valued at Rs 195.7 crore.

The entity held nearly 6.85 crore shares in the bank representing 13.12 percent stake, as on December 5, 2012.

On the BSE, the shares of IndusInd Bank dipped 0.67 percent Monday to end at Rs 424 apiece.

PTI