6/5/2024, 8:43:02 am

IndusInd promoter company to raise stake in bank to 26%

The Hinduja Group will raise its stake in IndusInd Bank from 16% to 26% in multiple tranches even as its promoter company IndusInd International Holding is working on a plan to list on Mauritius-based stock exchange Afrinex. IndusInd International Holding Ltd (IIHL) has received the Reserve Bank of India’s approval letter to raise its stake in the bank to 26%.