Comments
IndusInd Ltd, Mauritius, which is the promoter of private sector lender IndusInd Bank, has fully repaid its loan to Citibank London on March 31. “The pledge of 23.8 million equity shares of IndusInd Bank shall be released by Citibank, London, on Wednesday,” the private sector lender said in a regulatory filing, adding that IndusInd Ltd, Mauritius is now a debt-free entity.
In a letter to the bank’s new Managing Director and CEO Sumant Kathpalia, IndusInd International Holdings and IndusInd Ltd said that the holdings of IIHL (Mauritius) and IL (Mauritius) stand at 14.68 per cent of the bank’s fully diluted capital basis.
“IndusInd International Holdings Ltd (IIHL) and IndusInd Ltd, Mauritius, stand committed to maintain their equity holding in IndusInd Bank at the overall regulatory limits prescribed for promoters of private sector banks in India,” said the letter, which was part of the regulatory filing.
On Wednesday, IndusInd Bank’s scrip, which has been under pressure in recent weeks, closed 2.52 per cent lower at ₹342.30 apiece on the BSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.