Private sector IndusInd Bank on Friday said it has raised Rs 3,288 crore through preferential allotment of shares to the promoter group and select investors.

At the bank's extraordinary general meeting on August 25, it had received shareholders nod for issuance of over 1.51 crore equity shares on preferential basis to non-qualified institutional buyers (non-QIBs) for Rs 792 crore and over 4.76 crore shares to a set of five qualified institutional buyers for Rs 2,496 crore.

The Finance Committee of the Board of Directors of the bank at its meeting held on September 4, 2020, approved the allotment of 1,51,17,477 equity shares at a price of Rs 524 per unit, on preferential basis, for aggregate consideration of Rs 792.16 crore to IndusInd International Holdings Ltd (non-QIB promoter) and Hinduja Capital Ltd (non-QIB non-promoter), IndusInd Bank said in a regulatory filing.

Whereas IndusInd International Holdings has been allotted 94,13,661 shares (for Rs 493 crore), Hinduja Capital Limited has received 57,03,816 shares (Rs 299 crore).

Earlier on September 2, the Finance Committee had approved allotment of 4,76,29,768 shares at a price of Rs 524 per piece on preferential basis to five QIBs for an aggregate consideration of Rs 2,495.80 crore.

Under this, ICICI Prudential Life Insurance Company has been allotted 1,62,21,374 equity shares (Rs 850 crore); Route One Offshore Master Fund, LP has received 1,06,93,264 shares (Rs 560 crore) and AIA Company Ltd 78,30,152 shares (Rs 410 crore).