IndusInd Bank promoter IIHL Mauritius acquires 100% stake in Sterling Bank, Bahamas

IndusInd International Holdings Ltd. (IIHL), Mauritius has announced the acquisition of 100% stake in Sterling Bank, Bahamas. The company said in a statement that it had earlier acquired 51% stake in September 2022, and has now completed the acquisition of the remaining 49% equity. The acquisition was made through IIHL’s wholly owned subsidiary, IIHL (Capital), Mauritius. … Read more

Hinduja brothers call truce on family feud

The billionaire Hinduja brothers called a truce on a bitter power struggle that threatened the future of the business empire of the UK’s wealthiest family. The brothers agreed to halt reams of litigation across Europe, ending, for now, a feud that was tearing the once tightly knit British-Indian group apart. With accusations of everything from … Read more