IndusInd Worldwide Holdings (IIHL) mentioned the corporate and its subsidiary, IndusInd Restricted, are the promoters of IndusInd Financial institution, in response to a clarification despatched by the financial institution to the inventory exchanges on Tuesday. “The pledge of the selling entities as on date quantities to six.87 per cent of the paid-up share capital of IndusInd Financial institution and has remained unchanged for a very long time,” the assertion mentioned.
Referring to the information report revealed on Tuesday in Enterprise Commonplace titled “The Indus raises Rs 8,000 crore by pledging IndusInd stake”, IIHL mentioned there was no additional pledge by the promoters, and there’s no intention to pledge any additional promoter shareholding in IndusInd Financial institution.
The aforementioned information report was based mostly on a mediation report.
First revealed: November 21, 2023 | 11:21 pm he
(Tags for translation) Indus Financial institution Ind(R) Hinduja Group
