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Route One Fund trims IndusInd Bank stake by 0.65%, raises ₹386 cr

US-based hedge fund Route One Fund I LP sells over 5 million shares of IndusInd Bank for ₹386 crore, cutting its holding to just above 1 per cent BS Reporter US-based hedge fund Route One Fund I LP on Friday divested a 0.65 per cent stake in IndusInd Bank. The hedge fund sold just over 5 million shares at ₹765.7 apiece, raising ₹386 crore, according to data from the stock exchanges. At the end of the March 2025 quarter, Route One held a 1.73 per cent stake in the troubled lender. Following Friday's divestment, the hedge fund will retain a little over 1 per cent stake in the bank. As per the latest data, Category I Foreign Portfolio Investors (FPIs) held a 28.46 per cent stake in the bank as of March 2025. Among other major shareholders, mutual funds held a 27.55 per cent stake, while insurance companies held 7.43 per cent — with Life Insurance Corporation (LIC) alone holding 5 per cent.