IIHL ready to support IndusInd Bank through equity infusion: Hinduja

Following IndusInd Bank's weakest quarterly performance in the January-March quarter (Q4FY25), Ashok P Hinduja, chairman of IndusInd International Holdings (IIHL) — the bank's promoter — said on Thursday that IIHL is ready to provide additional equity support if needed to drive business growth.

- SUBRATA PANDA

His remarks come amid a wave of downgraded growth estimates from brokerages, reflecting growing scepticism about the bank's prospects.

"Though the capital adequacy of the bank is quite healthy, for business growth, should any further equity be required, IIHL, as the promoter of IndusInd Bank, remains committed to supporting the bank, as it has done over the past 30 years," Hinduja said.

Shares of the lender closed 1.82 per cent higher on the BSE on Tuesday, despite trading in the red in the early session. IIHL holds a 12.06 per cent stake in the bank as of March 2025. Additionally, IndusInd Ltd. holds 3.77 per cent stake in the bank. Cumulatively, the promoters own 15.83 per cent stake in the bank as of March 2025. Interestingly, in April 2023, the RBI had given its in-principle approval to the promoters to increase their shareholding in the bank. IIHL continues to await the final regulatory approval to increase its stake in the bank to 26 per cent from 15 per cent.