Mumbai, August 11: Private sector IndusInd Bank today said it plans to raise up to USD 100 million by way of qualified institutional placement (QIP).
“We will be raising USD 100 million through a QIP. I cannot share further details (of the issue) at this point,” a senior officer with the bank told.
According to banking industry sources, IDFC-SSKI and Morgan Stanley are advising the bank on the issue.
—Agencies