February 5, 2023

Hinduja Group To Invest ₹10,000 Crore To Raise Stake In IndusInd Bank | Power Breakfast | CNBC-TV18

Posted By: techrossm

Hinduja Group To Invest ₹10,000 Crore To Raise Stake In IndusInd Bank | Power Breakfast | CNBC-TV18

The Hinduja group is planning to raise its stake in Indusind Bank from 15 per cent to 26 per cent with an investment of Rs 10,000 crore.

Sources stated that Hinduja’s Mauritius-based promoter entity had received the Reserve Bank of India’s (RBI) approval to raise the stake. In November 2021, the RBI had allowed promoters to own as much as 26 per cent in a bank.

#hindujagroup #indusindbank #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday

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