MARKET EYE-IndusInd Bank up on hopes of strong response to share sale

Tue Nov 27, 2012 9:51am IST

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* Shares in IndusInd Bank gain 3 percent on
expectations of strong subscription to share sale, dealers say.
* IndusInd Bank launched late on Monday a share sale to raise up
to $360 million, two sources with direct knowledge of the deal
said, as it looks to boost its capital base. 
* The share sale to institutional investors was launched at a
floor price of about 374 rupees a share, said the sources,
declining to be named as they were not authorised to speak to
the media. 

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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