INDUSIND BANK’S PROMOTER, IIHL, APPROVES CAPITAL RAISING OF USD 1.5 Billion

• To fund Reliance Capital acquisition
•  Increase its shareholding in IndusInd Bank to 26% from the current 15%

IIHL TO SEEK GLOBAL OPPORTUNITIES IN BFSI SPACE

Dubai/Port Louis, Mauritius – IndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank with a large shareholder base in the UAE, took the strategic decision to expand its business horizon in India and other global geographies, in the BFSI sector.

Chairman of IIHL, Mr Ashok P. Hinduja said, “This strategic decision opens boundless opportunities to expand IIHL’s business horizon in India and other global geographies, in the BFSI sector. IIHL’s aspirations will not be capital constrained as raising capital for IIHL is not an issue at all”.

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