indusind bank share price: IndusInd Bank jumps over 3% as report suggests Hindujas may get RBI nod to hike stake : vimarsana.com

indusind bank share price: IndusInd Bank jumps over 3% as report suggests Hindujas may get RBI nod to hike stake

IndusInd Bank's share price rose over 3% on Friday on news that the Reserve Bank of India may allow the Hinduja Group to increase its stake in the bank to 26%. The approval would allow the Hinduja Group to invest about INR10,000 crore. Currently, IndusInd Bank's promoters own 16.51% of the bank, and IndusInd International Holdings owns 12.58% while IndusInd Ltd owns 3.92%. The bank's shares have rallied around 7% this year and offered almost 67% returns in the past year.

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