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IIHL Targets $50B Valuation Through Acquisitions

IIHL Targets $50B Valuation Through Acquisitions
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Stock Market Today: Global rally lifts Nifty, Sensex amid election outcome caution in markets

Stock Market Today: Global rally lifts Nifty, Sensex amid election outcome caution in markets
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Share Market Highlights 10 May 2024: Sensex and Nifty rebound, led by Reliance Industries, ITC, Bharti Airtel

Share Market Highlights 10 May 2024: Sensex and Nifty rebound, led by Reliance Industries, ITC, Bharti Airtel
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After RCap buy, IndusInd eyes $50 billion BFSI valuation

International Business News: Mumbai: IndusInd International Holdings aims to establish a banking, financial services, and insurance portfolio worth Rs 4.

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IndusInd promoter company to raise stake in bank to 26%

IIHL, an investment arm of the Hinduja brothers, aims to improve valuation of its investment to $50 billion by 2030. IIHL has already received RBI nod to raise its state in IndusInd Bank to 26%. The investment arm also plans to grow life and non-life businesses, start its health insurance operations and will retain Reliance Securities and ARC businesses.

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