India’s Indusind Bank allots Rs. 5 billion nonconvertible debentures

By Tali Rackner

Norfolk, Va., April 2 – Indusind Bank Ltd. informed the Bombay Stock Exchange that it has allotted 5,000 rated listed senior unsecured redeemable nonconvertible debentures with a face value of Rs. 1 million each.

The debentures, issued in a total amount of Rs. 5 billion, were issued on a private placement basis.

Indusind Bank is a private bank with headquarters in Mumbai, India.

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