Market regulator Securities and Exchange Board of India (Sebi) had given them time till February 18, 2021, to make the remaining payment. The promoters of IndusInd Bank are paying Rs 1,709 per share to redeem warrants, a premium of 65% to Wednesday’s closing price.lnduslnd International Holdings (IIHL), the promoter entity, had paid Rs 673.82 crore for the warrants or 25% of the total price.Market regulator Securities and Exchange Board of India (Sebi) had given them time till February 18, 2021, to make the remaining payment.Post the conversion of the warrants into shares, the promoter holding will increase by 1.7% to…
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