Latest news with #IndusIndBank
Reuters
an hour ago
- Business
- Reuters
IndusInd Bank to raise up to $3.5 billion, allow Hindujas to nominate two board seats
July 23 (Reuters) - India's IndusInd Bank ( opens new tab will raise up to $3.47 billion and allow promoters to nominate two board directors, the private sector lender said on Wednesday, as it seeks to restore confidence after a $230 million accounting lapse. IndusInd is looking to secure 300 billion rupees in funding, comprising a 200 billion rupees debt issue on a private placement basis and a 100 billion rupees capital increase through issue or placement of securities. The bank's net worth took a $230 million hit in the fiscal year ended March 31 due to years of misaccounting of internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April. The UK-based Hinduja family own a 15.82% stake in the bank and are listed as its promoters, a regulatory classification in India for large shareholders who control key decision-making. The Hindujas can now nominate up to two directors on IndusInd's board, the bank said, adding that the move was approved by India's central bank. Promoters previously did not have representation on the board. IndusInd, currently run by an executive committee, has shortlisted three senior bankers - Rajiv Anand, Rahul Shukla, and Anup Saha - for the position of CEO, Reuters reported last month. Saha resigned as non-bank lender Bajaj Finance's managing director on Monday. IndusInd will report its first-quarter results on July 28. ($1 = 86.3730 Indian rupees)
Reuters
an hour ago
- Business
- Reuters
India's IndusInd Bank to raise up to 300 billion rupees
July 23 (Reuters) - India's IndusInd Bank ( opens new tab will raise up to 300 billion rupees ($3.47 billion), the private lender said on Wednesday. IndusInd will issue debt worth 200 billion rupees on a private placement basis and also increase capital by 100 billion rupees through an additional issue or placement of securities. The bank took a $230 million hit in the fiscal year ended March 31 due to years of misaccounting of internal derivative trades, prompting the resignations of CEO Sumant Kathpalia and deputy Arun Khurana in April. IndusInd will report its first-quarter results on July 28. ($1 = 86.3730 Indian rupees)
Time of India
11 hours ago
- Business
- Time of India
IndusInd Bank Share Price Live Updates: IndusInd Bank's Current Trading Price
Discover the IndusInd Bank Stock Liveblog, your go-to destination for real-time updates and comprehensive analysis of a top-performing stock. Keep track of IndusInd Bank's latest details, including: Last traded price 845.9, Market capitalization: 66219.75, Volume: 607554, Price-to-earnings ratio 25.68, Earnings per share 33.06. Our liveblog offers a holistic view of IndusInd Bank by examining both fundamental and technical indicators. Stay ahead of market trends with breakingnews that can impact IndusInd Bank's performance. Our market analysis and expert opinions provide valuable insights to guide your investment decisions. Join us on the IndusInd Bank Stock Liveblog and stay informed in this dynamic market landscape. The data points are updated as on 09:47:35 AM IST, 23 Jul 2025 Show more Show less
Time of India
2 days ago
- Business
- Time of India
IndusInd Bank Share Price Live Updates: IndusInd Bank Stock Price History
21 Jul 2025 | 06:33:20 PM IST Welcome to the IndusInd Bank Stock Liveblog, your ultimate source for real-time updates and analysis of one of the most prominent stocks in the market. Stay on top of the game with our comprehensive coverage, featuring the latest details on IndusInd Bank stock, including: Last traded price 858.8, Market capitalization: 66905.2, Volume: 6765856, Price-to-earnings ratio 25.98, Earnings per share 33.06. Get a holistic view of IndusInd Bank with our expert insights into both fundamental and technical indicators. Stay ahead of the curve as we bring you breaking news that can impact the stock's performance. Whether you're a seasoned investor or a curious market enthusiast, rely on us to provide you with valuable information and informed recommendations. Join us on this journey as IndusInd Bank thrives in the ever-changing market landscape. The data points are updated as on 06:33:20 PM IST, 21 Jul 2025 Show more
Business Upturn
2 days ago
- Business
- Business Upturn
Nifty 50 top losers today, July 21: Reliance Industries, Wipro, IndusInd Bank, HCL Technologies, Eicher Motors and more
By Aman Shukla Published on July 21, 2025, 15:40 IST On July 21, Indian markets ended the day on a positive note. The Nifty 50 nearly touched the 25,100 mark, closing at 25,090.70, up 0.49%. Meanwhile, the Sensex gained 442.61 points, settling at 82,200.34. However, not all stocks had a good day. Some major Nifty 50 companies saw their prices fall. Among the biggest losers of the day were well-known names such as Reliance Industries, Wipro and IndusInd Bank. Let's take a closer look at the top losers of the Nifty 50, according to Trendlyne. Nifty 50 top losers on July 21 Reliance Industries fell 3.2% to close at ₹1,428.60. Wipro declined 2.5%, ending at ₹260.40. IndusInd Bank dropped 1.3% to ₹858.80. HCL Technologies slipped 1.2%, closing at ₹1,530.40. Eicher Motors also fell 1.2% to ₹5,561.50. TCS lost 1.0%, finishing at ₹3,158.20. Hindustan Unilever dropped 1.0%, closing at ₹2,464.90. Apollo Hospitals declined 0.7% to ₹7,254.50. ITC fell 0.6%, ending at ₹420.10. Cipla slipped 0.6%, closing at ₹1,473.90. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Eicher MotorsHCL TechnologiesIndusInd bankNiftyReliance IndustriesWipro Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
