Indusind Bank surges on inking pact with Malaysian Airlines to offer companion free travel

05 Jan 2012 Evaluate

Indusind Bank is currently trading at Rs. 245.30, up by 3.30 points or 1.36% from its previous closing of Rs. 242.00 on the BSE.

The scrip opened at Rs. 242.95 and has touched a high and low of Rs. 248.70 and Rs. 240.30 respectively. So far 22299 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 292.00 on 06-Jul-2011 and a 52 week low of Rs. 181.00 on 31-Jan-2011.

Last one week high and low of the scrip stood at Rs. 248.70 and Rs. 221.75 respectively. The current market cap of the company is Rs. 11558.25 crore.

The promoters holding in the company stood at 19.50% while Institutions and Non-Institutions held 42.39% and 24.24% respectively.

Indusind Bank and Malaysian Airlines started the New Year by inking an exclusive partnership that will offer business class companion free travel for Induslnd Bank Platinum & Signature Credit Cards. With this partnership, Indusind Bank Platinum St Signature card holders can now travel to any destination in the world using Malaysian Airlines super exclusive business class, and their companion will travel for free.

The special offer is extended to Platinum and Signature card holders of Indusind Bank where the members can buy one J Class fare ticket and get companion to travel free by paying for taxes only, apart from the ticket and the business class lounge facilities in India as well as at KLIA - Golden Lounge, the traveler also gets complimentary Enrich Frequent Flyer card along with 1000 award miles and also earns 50% extra Enrich Flyer award Miles on payments made through Indusind Bank Platinum & Signature cards.

The deal will be valid for purchase as well as travel starting from January 1, 2012 to December 31, 2012. The promotional deal is designed specially for the Indian business class travelers and Indusind Bank cardholders. The promotional offer will remain valid to travel from any Indian location served by Malaysian Airlines and traveling to the destinations served by Malaysia Airlines across the globe. All Business class passengers can travel with a companion for the cost of a single return ticket.

Indusind Bank Share Price

930.00 -34.05 (-3.53%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 1772.05
ICICI Bank 1285.70
Axis Bank 1072.10
Kotak Mahindra Bank 1743.55
Indusind Bank 930.00
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