Home / BUSINESS / IndusInd Bank gains on picking up 2.58% stake in Satin Creditcare Network

IndusInd Bank gains on picking up 2.58% stake in Satin Creditcare Network

IndusInd Bank is currently trading at Rs. 1418.00, up by 7.90 points or 0.56% from its previous closing of Rs. 1410.10 on the BSE.

The scrip opened at Rs. 1425.05 and has touched a high and low of Rs. 1441.00 and Rs. 1416.70 respectively. So far 48591 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2037.90 on 03-Aug-2018 and a 52 week low of Rs. 1333.90 on 31-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1485.00 and Rs. 1401.00 respectively. The current market cap of the company is Rs. 85648.75 crore.

The promoters holding in the company stood at 16.80%, while Institutions and Non-Institutions held 63.28% and 19.92% respectively.

IndusInd Bank has picked up a 2.58% stake in Satin Creditcare Network, by converting debentures which the private lender had subscribed earlier. The stake buys in Satin, which was first announced in 2017, comes days ahead of the merger of Bharat Financial Inclusion with IndusInd Bank on July 4.

IndusInd Bank is as one of the fastest-growing banks in the banking sector in India.

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