No additional share pledge by IIHL and subsidiary in IndusInd Bank


IndusInd International Holdings (IIHL) has said that the company and its subsidiary, IndusInd Limited, are the promoters of IndusInd Bank, according to a clarification sent by the bank to exchanges on Tuesday.
“The promoter entities’ pledge of shares as on date works out to 6.87 per cent of the paid-up share capital of the IndusInd Bank and has remained unchanged since long,” the statement said.

Referring to the news report published on Tuesday in Business Standard titled ‘Hindujas raise Rs 8,000 cr by pledging IndusInd stake’, IIHL said there has been no incremental pledge by the promoters, nor is there any intent to pledge any more promoter shareholding in IndusInd Bank.

The said news report was based on a brokerage report.

First Published: Nov 21 2023 | 11:21 PM IST

Source link


Please enter your comment!
Please enter your name here

Share post:




More like this

Pisces Daily Horoscope Today, December 11, 2023 predicts a new goal

Pisces – (19th February to 20th...

Full transcript of

On this "Face the Nation" broadcast, moderated by...

‘Can he manage all that?’: Mitchell Marsh’s ‘biggest hurdle’ ahead of first home Test in five years

Australian all-rounder Mitchell Marsh hasn’t played a home...