IndusInd Bank Shares Climb as Ashok Hinduja Signals Stake Increase

Bank shares gained traction on March 18, 2025, following remarks from Ashok Hinduja, Chairman of IndusInd International Holdings (IIHL), who described it as an "opportune time" to boost the promoter’s stake in the bank. The stock surge coincided with IIHL’s completion of the Reliance Capital acquisition, marking a significant milestone for the Hinduja Group. IIHL, which currently holds a 15% stake in IndusInd Bank, has already secured in-principle approval from the Reserve Bank of India (RBI) to raise its ownership to 26%. Hinduja expressed confidence in the process, stating, "All communication responses have been submitted to the regulator. It’s now up to them to decide when and how approval will come." The final nod from the RBI remains pending, but the promoter’s intent has buoyed investor sentiment, driving the share price upward. This development reflects IIHL’s strategic push to strengthen its foothold in the banking sector amid a favorable market window.