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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.

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.

Targeting $50 bn valuation for IIHL's BFSI portfolio by 2030; hopeful of quick IRDAI nod for RCap buyout: Ashok Hinduja

IIHL is awaiting the green signal from the insurance sector regulator IRDAI for the Rs 9,661 crore Reliance Capital acquisition

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.

Invesco Asset Management India Ltd | Hindujas enter mutual fund space as IndusInd International Holdings buys stake in Invesco