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Hinduja keen to raise IndusInd stake, silent on fund infusion
The New Indian Express Vishakapatnam
|March 19, 2025
ASHOK Hinduja, the chairman of IndusInd International Holdings, which is the promoter of the troubled IndusInd Bank, has said it is an "opportune time to increase the stake" in the lender as and when the regulator permits, but remained silent on immediate fund infusion into the bank following the forex derivatives losses-induced crisis.
"This is an opportune time as a promoter to increase stake. If this is the time at this price, we would like to increase stake," Hinduja said on the sidelines of a press conference to announce the completion of the acquisition of Reliance Capital here this evening.
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