IndusInd bank promoter sells 46 lakh shares for Rs 196 crore

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The entity held nearly 6.85 crore shares in the bank representing 13.12 per cent stake, as on December 5, 2012.  (Reuters) The entity held nearly 6.85 crore shares in the bank representing 13.12 per cent stake, as on December 5, 2012. (Reuters)
SummaryThe entity held nearly 6.85 crore shares in the bank representing 13.12 per cent stake, as on December 5, 2012.

One of the promoters of IndusInd Bank -- IndusInd International Holdings -- today offloaded 46 lakh shares of the private sector lender for about Rs 196 crore through open market transaction.

As per the bulk deal data available with the stock exchanges, IndusInd International sold shares of IndusInd Bank at an average price of Rs 425.43 apiece.

The deal was valued at Rs 195.7 crore.

The entity held nearly 6.85 crore shares in the bank representing 13.12 per cent stake, as on December 5, 2012.

On the BSE, the shares of IndusInd Bank dipped 0.67 per cent today to end at Rs 424 apiece.

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