Pref allotments trimmed, clarifies ING Vysya Bank

Here is the beginning of my post. And here is the rest of it. The ING Vysya Bank has clarified that it raised only Rs 192.50 crore through the preferential placement of 62.09 lakh shares with qualified institutional buyers (QIB). The Extraordinary General Meeting (EGM) last week had approved the issue of 74.75 lakh shares to QIBs. The final allotment to QIBs was done at a price of Rs 310 a share at a premium of Rs 300. Similarly, ING Vysya also pared the preferential placement to the ING Mauritius Holdings and ING Mauritius Investments, subsidiaries of the ING Groep, Netherlands