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IndusInd Bank may offer shares in market

IndusInd Bank is expected to come out with a share sale worth around $750 million, according to sources. The bank is understood to have already initiated discussions with investment banks in this regard and the names of Morgan Stanley, CLSA, JM Financial and Credit Suisse are mentioned as possible candidates to undertake the share sale. The bank will most likely undertake this exercise in 2015 calendar year. The bank had sought shareholders’ approval for the share sale.

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