IndusInd International Holdings increases stake in IndusInd Bank

IndusInd International Holdings Ltd (IIHL), part of the promoter group of IndusInd Bank, has increased its stake in the bank, as disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Before the acquisition under consideration, IIHL held 895,374,464 shares carrying voting rights. After the acquisition, IIHL holds 1175,160,010 shares or 15.08% of total shares and voting capital. Shares encumbered with IIHL totaled 317,850,006 or 4.08% of total shares and voting capital. The acquisition was executed through the creation of a pledge. On a related note, ICICI Prudential Mutual Fund reported on March 28, 2025, that its schemes have acquired 342,061 additional shares of IndusInd Bank. As of March 27, 2025, ICICI Prudential Mutual Fund now holds 3,90,47,991 shares or 5.01% of the bank's equity, surpassing the 5% threshold of the paid-up capital.