IndusInd Bank promoters to buy more of its shares in secondary market

They currently hold 14.68% of the lender's paid-up share capital. As per RBI rules, the promoters can buy 0.32% additional stake as of now

Private sector lender IndusInd Bank’s promoters – IndusInd International Holdings Ltd and IndusInd Ltd – have informed the bank management that they will buy additional stake in the bank from the secondary market.

In a letter to the managing director and chief executive officer of the bank, the promoters have said, they will buy additional shares from open market in India, within the overall regulatory prescribed promoter equity holding cap.

Currently, the promoters hold 14.68 per cent of the paid up share capital of IndusInd Bank. As per the banking regulations of the Reserve Bank of India (RBI), the promoters