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IndusInd Bank promoter IIHL acquires 100% stake in Sterling Bank
The New Indian Express Tiruchy
|October 07, 2025
PROMOTER of IndusInd Bank ~ IndusInd International Holdings Ltd (IIHL), Mauritius — has completed acquisition of remaining 49% stake in Sterling Bank, Bahamas, taking its ownership to 100%.
The transaction was executed through IIHL’s wholly owned subsidiary, IIHL (Capital) Mauritius.
Following the acquisition, the bank has been renamed IIHL Bank & Trust, marking a strategic move in IIHL’s bid to become a global financial powerhouse in the Banking, Financial Services, Securities and Insurance (BFSI) sector.
This story is from the October 07, 2025 edition of The New Indian Express Tiruchy.
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