Hinduja Group’s IIHL to acquire 60% stake in Invesco India Asset Management
IIHL is the promoter entity of IndusInd Bank, the fifth largest private lender in India listed on the BSE and the NSE.
IIHL is the promoter entity of IndusInd Bank, the fifth largest private lender in India listed on the BSE and the NSE.
The Hinduja Group arm, IndusInd International Holding Ltd. (IIHL), which emerged the highest bidder for Reliance Capital in the recently concluded auction, is firmly in the driver's seat as the company has already received Rs 50,000 crore worth of funding offers from the leading overseas lenders to fund the acquisition.
The filing said that this would lead to IIHL shoring up additional equity of 1.7 per cent in IndusInd Bank thereby bringing promoter equity to 15 per cent on a diluted basis.
