IndusInd Bank to raise Rs 3,300 crore via share sale

IndusInd Bank to raise Rs 3,300 crore via share sale
US-based hedge fund Route One, which last week received the Reserve Bank of India’s approval to raise its stake in the bank to 10 per cent, will subscribe to a chunk of the issue, investing Rs 935 crore, followed by Rs 850 crore from ICICI Prudential Life Insurance.