RBI OKs Hinduja hiking IndusInd Bank stake

Promoter holding in the bank is 16.51% - IndusInd International Holdings had 12.58% and IndusInd Ltd had 3.92% on December 31, 2022, according to a stock exchange disclosure. "To increase stake in the bank, Hinduja Group may need to infuse ₹10,000-11,000 crore ($1.2-1.3 billion). They may infuse the money by issuing preferential shares," said the person cited above.

from Banking/Finance-Industry-Economic Times https://ift.tt/VGRxtg5