+
Hindujas to invest Rs 100 bn to raise stake in IndusInd Bank
ECONOMY & POLICY

Hindujas to invest Rs 100 bn to raise stake in IndusInd Bank

The Hinduja group is planning to raise its stake in Indusind Bank from 15 per cent to 26 per cent with an investment of Rs 100 billion.

A banking source said the Hinduja’s Mauritius-based promoter entity had received the Reserve Bank of India’s (RBI) approval to raise the stake. In November 2021, the RBI allowed promoters to own as much as 26 per cent of a bank.

When contacted, a Hinduja source said the RBI, in principle, had agreed to increase Indusind International’s stake from 15 per cent to 26 per cent according to the master direction guidelines of 2015 and due process was being followed.

The RBI had also permitted promoters of existing banks, who had to reduce their ownership due to earlier guidelines, to bring it back up to 26 per cent. The Hinduja group has also offered to take over Reliance Capital for Rs 90 billion, but its offer is facing litigation from its rival bidder Torrent.

Also Read
Tangedco conducts study to build gas turbine plants in North Chennai
JK Tyre launches 3 new tyres for the off-road segment

The Hinduja group is planning to raise its stake in Indusind Bank from 15 per cent to 26 per cent with an investment of Rs 100 billion. A banking source said the Hinduja’s Mauritius-based promoter entity had received the Reserve Bank of India’s (RBI) approval to raise the stake. In November 2021, the RBI allowed promoters to own as much as 26 per cent of a bank. When contacted, a Hinduja source said the RBI, in principle, had agreed to increase Indusind International’s stake from 15 per cent to 26 per cent according to the master direction guidelines of 2015 and due process was being followed. The RBI had also permitted promoters of existing banks, who had to reduce their ownership due to earlier guidelines, to bring it back up to 26 per cent. The Hinduja group has also offered to take over Reliance Capital for Rs 90 billion, but its offer is facing litigation from its rival bidder Torrent. Also Read Tangedco conducts study to build gas turbine plants in North Chennai JK Tyre launches 3 new tyres for the off-road segment

Next Story
Infrastructure Urban

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Next Story
Infrastructure Energy

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

Next Story
Infrastructure Energy

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?