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IndusInd Bank gets BSE, NSE nod to list new shares
Mumbai, Oct 27: IndusInd Bank has received `in principle` approval from the stock exchange, Mumbai and the National Stock Exchange to list its new equity shares issued following merger of IndusInd Enterprises and Finance Ltd (IEFL) with the private sector bank.
Mumbai, Oct 27: IndusInd Bank has received "in principle" approval from the stock exchange, Mumbai and the National Stock Exchange to list its new equity shares issued following merger of IndusInd Enterprises and Finance Ltd (IEFL) with the private sector bank.
Following the Bombay High Court's approval to the merger scheme, IEFL shareholders have been allotted one share of the bank (Rs 10 each) for every share of IEFL, IndusInd Bank said in a release here today.
Information about demat shareholders has been provided to both the exchanges and the final permission for trading in new shares is expected soon, the release said.
The physical share certificates have been dispatched to eligible shareholders of IEFL who have not opted for bank shares in demat form, it said.
Bureau Report