IndusInd Bank Limited is not a subsidiary of Hinduja Bank

IndusInd Bank Limited has clarified on certain false reporting / information in the media stating that IndusInd Bank is a subsidiary of Hinduja Bank.

IndusInd Bank denies the said media report and considers it to be malicious, untrue, and baseless.

IndusInd Bank desires to clarify that it is not a subsidiary of any entity. The Bank wishes to further clarify that it is promoted by IndusInd International Holdings Ltd. (IIHL) and its subsidiaries.

IIHL is a Mauritius-based company set up by overseas Indians and no 'one' shareholder is in control of IIHL.

Shares of INDUSIND BANK LTD. was last trading in BSE at Rs.1028 as compared to the previous close of Rs. 1009.75. The total number of shares traded during the day was 135064 in over 4663 trades.

The stock hit an intraday high of Rs. 1030 and intraday low of 1001.25. The net turnover during the day was Rs. 137761714.

Source : Equity Bulls

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