Hinduja Group flagship company Ashok Leyland has sold shares worth Rs 165.37 crore of IndusInd Bank.
"The company has cumulatively sold 18,00,000 equity shares of Rs 10 each held in IndusInd Bank Ltd in the open market during the period between September 25-29 at a net price of Rs 918.76 per share," the Chennai-based company said in a BSE filing.
Hinduja Group Chairman Srichand P Hinduja conceptualised the banking concept and the private sector bank began its operations in 1994. The bank has 811 branches and 1,543 ATMs across the country. It also has representative offices in London, Dubai and Abu Dhabi.
Shares of Ashok Leyland were trading at Rs 92.25 apiece, up by 1.77 per cent over previous close on the BSE.
