IndusInd Bank promoters reaffirm their commitment to the bank, viewing its depressed stock value as a strategic investment opportunity. Despite a 50% drop in six months, no fresh capital infusion is required. Hinduja Group holds a 16.29% stake, with 50.8% pledged.
Sebi yet to clear HDB, Hero FinCorp IPOs; talk of breach of some rules
According to sources familiar with the matter, the Securities and Exchange Board of India has held back its green light for the much-awaited public issues