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Family disputes galore in Hinduja Group Mauritius and Geneva authorities initiate action against Ashok and Ajay Hinduja

Family disputes galore in Hinduja Group Mauritius and Geneva authorities initiate action against Ashok and Ajay Hinduja
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IndusInd Bank: Billionaire Hindujas Pay 61% Premium to Boost IndusInd Stake

Feb 17 2021, 7:31 PM February 17 2021, 11:04 AM February 17 2021, 7:31 PM (Bloomberg) The billionaire Hinduja family paid a premium to boost its stake in IndusInd Bank Ltd., a sign of confidence in the Indian private-sector lender as concerns over its asset quality ease. (Bloomberg) The billionaire Hinduja family paid a premium to boost its stake in IndusInd Bank Ltd., a sign of confidence in the Indian private-sector lender as concerns over its asset quality ease. IndusInd International Holdings Ltd., which represents the bank’s founding Hinduja clan, completed a rights issue to fund the conversion of warrants to shares in the Mumbai-based bank, it said in a statement late Tuesday. The warrants will be redeemed at 1,709 rupees a share, a 61% premium over Tuesday’s close.

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