Hinduja Group To Increase Its Stake To 26 In Indusind Bank Reports

Top Stories

Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

Stock chart

Hinduja Group to increase its stake to 26% in IndusInd Bank: Reports

ri-calendar-2-lineFeb 3, 2023

By: BlinkX Research Team

FbkFbkTwitterTelegram

IndusInd International Holdings Limited, a Hinduja Group entity is said to have received approval from the Reserve Bank of India to raise its stake in IndusInd Bank from the current 15.16 per cent to 26 per cent, according to the media reports.

In addition to this, a formal approval from the Reserve Bank of India is also in place for the same.

This will result in the Hinduja Group investing over $1 billion in the lender.

As per the sources, before the increase in the stake, the promoters will have to meet certain conditions before submitting the application to the regulator. Presently, the promoters are in the process of infusing capital in the private sector lender citing reports.

On Friday, the shares of IndusInd Bank was trading at Rs1111.95 per share higher by 3.40% on the BSE.

Related News

News Thumbnail
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read. August 2, 2024 at 12:45 PM

News Thumbnail
Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read. August 2, 2024 at 12:41 PM

News Thumbnail
Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read. August 2, 2024 at 12:36 PM

News Thumbnail
Company

NBCC Arm Gets Two Construction Projects Worth Rs 443.61 Cr

4 mins read. August 2, 2024 at 12:33 PM

Related Blogs

Stock chartDemat Account

Biggest Winners and Losers in MSCI: Key Movers in Global Indices 2025

0 people read

3 mins read . Aug 20, 2025

Stock chartMutual Fund

What MF Big Boys Bought and Sold – Top Mutual Fund Stock Activity in 2025

0 people read

8 mins read . Aug 18, 2025

Download app

Access BlinkX
everywhere
across device

Join the Future of Trading

with BlinkX

#ItsATraderThing

Open Trading Account
Verify your phone
+91
*By signing up you agree to our terms & conditions