ING Vysya Bank raises Rs 232 cr via pref issue

ING Vysya Bank has placed its preferential issue to qualified institutional buyers (QIB) at Rs 310 a share that translates into a discount of Rs 28.5 over the 52 week average price. The bank through its QIB (banks, mutual funds, provident funds, venture funds and foreign institutional investors) placement raised approximately Rs 231.74 crore.