After RBI relaxation, Hindujas look to increase stake in IndusInd Bank

Hindujas, the promoters of Indusind Bank are planning to increase their stake in IndusInd bank after the recent change in RBI regulations, whereby it allowed promotes to own 26% in the bank (as against 15% earlier).

Key points to note –

  • Hindujas currently own 16.54% of IndusInd.
  • At current valuations, Hindujas would need about Rs 7,000 crore to acquire 10%. However, they have made it clear that it would be in tranches and not at one go. Hence, the actual money required would vary as per the prevailing market valuations.
  • In the absence of any specifics, stake acquisition could be through fresh allotment or secondary buying. Around 70.4% is currently held by FII + DIIs and balance 13% by public.
  • Operational guidelines from RBI are awaited before Hindujas would decide the exact mechanism and the timelines.


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