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

06 Feb 2023 CW Team

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

Infrastructure Urban

29 Oct 2025

Designing Tomorrow: Amaravati’s Net Zero Landmark

Amaravati has achieved a defining landmark in India’s sustainable infrastructure journey with the inauguration of the APCRDA Project Office, the nation’s first government building to earn the IGBC Net Zero Energy Rating – Design Stage. Conceptualised by the Andhra Pradesh Capital Region Development Authority (APCRDA) and certified by the Indian Green Building Council (IGBC), the project exemplifies how governance, design and innovation can converge to deliver measurable environmental impact.A vision rooted in sustainabilitySet within a 4.3-acre site along the Seed Access Road in the Amar..

Pidilite Elevates Construction with PPS

Pidilite Industries introduced Pidilite Professional Solutions (PPS) — a dedicated vertical for the construction and interiors ecosystem — at ACETECH Bengaluru 2025. Designed to empower architects, developers, contractors, and interior specialists, PPS delivers comprehensive support that extends far beyond products to ensure project excellence from concept to completion. Kavinder Singh, Joint Managing Director, Pidilite Industries, noted, “At Pidilite, we believe in enabling the construction fraternity to build boldly and sustainably. With Pidilite Professional Solutions (PPS),..

Punjab, Centre Fast-Track Rajpura-Mohali Rail Line Development

The central government has fast-tracked the construction of the Rajpura-Mohali rail line to enhance connectivity in Punjab. This ambitious infrastructure project, aimed at improving transportation links between Rajpura and Mohali, has been identified as a key step in fostering regional economic growth. Union Minister for Railways, Ashwini Vaishnaw, announced the project’s acceleration during a recent assessment of the area. The rail line is expected to play a significant role in reducing travel time, promoting industrial growth, and boosting logistics efficiency in the region. The project,..