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Business News/ Market / Stock-market-news/  IndusInd Bank shares rise after block deals
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IndusInd Bank shares rise after block deals

Around 6.36 million shares, representing 1.2% of the total equity of the bank, changed hands in multiple block deals

The IndusInd Bank stock touched an intra-day high of Rs622.50 apiece after opening at Rs613.50. Photo: BloombergPremium
The IndusInd Bank stock touched an intra-day high of Rs622.50 apiece after opening at Rs613.50. Photo: Bloomberg

Mumbai: Shares of IndusInd Bank Ltd rose as much as 1.5% after large block deals were reported in the stock. The stock opened at 613.50 apiece and touched an intra-day high of 622.50.

Around 6.36 million shares, representing 1.2% of the total equity of the bank, changed hands in multiple block deals, Bloomberg reported. Details of buyers and sellers were not available.

On 2 September, Mint reported that GA Global Investments, an arm of the US-based private equity firm General Atlantic Llc, will sell 6.5 million shares of the 25.4 million it holds in IndusInd Bank through block deals.

Shares of IndusInd Bank closed 0.34% higher at 615.60 on BSE, while India’s benchmark Sensex index rose 0.45% to 27,139.94 points.

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Published: 03 Sep 2014, 11:35 AM IST
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