IndusInd Bank gains after Route One Fund I LP divests stake in Bank
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IndusInd Bank is currently trading at Rs. 1176.80, up by 12.40 points or 1.06% from its previous closing of Rs. 1164.40 on the BSE.
The scrip opened at Rs. 1175.00 and has touched a high and low of Rs. 1180.05 and Rs. 1156.30 respectively. So far 74199 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1275.25 on 20-Sep-2022 and a 52 week low of Rs. 763.75 on 23-Jun-2022.
Last one week high and low of the scrip stood at Rs. 1234.65 and Rs. 1162.25 respectively. The current market cap of the company is Rs. 91056.22 crore.
The promoters holding in the company stood at 16.51% while, Institutions and Non-Institutions held 66.85% and 16.63% respectively.
Route One Fund I LP has divested 1.54% stake in IndusInd Bank for Rs 1,401 crore through an open market transaction. Route One Fund I LP has offloaded 1,20,00,000 shares in IndusInd Bank. The shares were disposed of at an average price of Rs 1,168.26 apiece, taking the transaction value to Rs 1,401.91 crore.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.
