IndusInd Bank Plans Rs.300 Bn Fundraise for Expansion

22 Jul 2024 CW Team

IndusInd Bank has announced a major fundraise plan of ?300 billion to bolster its financial position and support its expansion strategy. This significant capital infusion is aimed at enhancing the bank's balance sheet, boosting its lending capacity, and funding various growth initiatives.

The fundraise will be achieved through a combination of equity offerings and debt instruments. The bank intends to utilise the proceeds to improve its capital adequacy ratios, which will provide it with greater flexibility to pursue growth opportunities and mitigate any potential economic uncertainties.

The bank?s decision to raise such a substantial amount highlights its commitment to maintaining a robust financial foundation while pursuing aggressive growth plans. The additional capital will enable IndusInd Bank to expand its portfolio, enhance its digital banking capabilities, and invest in technology upgrades.

This move also reflects the bank?s confidence in the Indian economy and its growth prospects. With the financial sector expected to play a pivotal role in India?s economic expansion, IndusInd Bank?s strategic fundraise positions it well to capitalise on emerging opportunities and strengthen its market presence.

Overall, the ?300 billion fundraise represents a significant step towards reinforcing IndusInd Bank?s financial stability and supporting its long-term growth objectives in a competitive banking landscape.

Real Estate

26 Jun 2026

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..

Platinum Corp Launches Bespoke Presidential Suites

Platinum Corp has launched Platinum Stellar: Bespoke Presidential Suites, a luxury residential project on Main Avenue in Santacruz, Mumbai. The project has been positioned as a boutique, design-led development for high-net-worth individuals, business owners and legacy residents from the Bandra-Khar-Santacruz belt.The project has been developed in collaboration with celebrity interior designer Sussanne Khan and follows a design-first approach inspired by Art Deco architecture. It incorporates refined detailing, spacious layouts, premium material palettes and arrival experiences planned to creat..