Banco Indusval S.A. (BOVESPA:IDVL4) announced a private placement of minimum of 70,000,000 and maximum of up to 93,000,000 common shares at a price of BRL 3.5 per share for gross proceeds of minimum of BRL 245,000,000 and maximum of BRL 325,500,000 on March 11, 2019. The transaction was approved by the board of directors of the company.