IndusInd General Insurance Announces 4:1 Bonus Issue and ₹300 Crore Private Placement
IndusInd General Insurance Company Limited has proposed a 4:1 bonus issue, whereby shareholders will receive four fully paid-up equity shares of ₹10 each for every one existing share held. The bonus shares will be issued by capitalizing up to ₹1,071.58 crore from the company’s free reserves, leading to the issuance of up to 107.15 crore equity shares, and will rank pari passu with existing shares in terms of dividend and voting rights.
Additionally, the company plans to raise up to ₹300 crore through a private placement of equity shares to its promoters at an issue price of ₹335 per share (including a premium of ₹325). The proposed fundraise aims to strengthen the company’s financial position, enhance underwriting capacity, support growth initiatives, and expand its market presence.
