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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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Hinduja Group Seeks to Increase Stake in IndusInd Bank

IIHL will need to invest somewhat more than ₹11,500 Crore, at the present stock price, to acquire an extra 10% of IndusInd Bank.

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IIHL targets $50 billion valuation by 2030: Chairman Ashok Hinduja

IIHL targets $50 billion valuation by 2030: Chairman Ashok Hinduja
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Hinduja group's IIHL to raise stake in IndusInd Bank in multiple tranches

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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Most foreign fund houses miss India growth train

Most foreign fund houses miss India growth train
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