IndusInd Bank’s Promoter Commitment Coming Through: Prabhudas Lilladher  
The IndusInd Bank logo is displayed on a savings account opening form booklet at a bank branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

IndusInd Bank’s Promoter Commitment Coming Through: Prabhudas Lilladher  

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Prabhudas Lilladher Report

IndusInd Bank Ltd.’s promoter has taken a leap ahead to convert its due warrants of Rs 20.2 billion at premium of 62% from cash management product, although warrants issued in Q1 FY20 were also at 18% premium.

Infusion of money will increase promoter stake to 15%, add 3% to book value, improve capital by 4-5% with CET-I moving to approximately 16% from 14.3% in Q3 FY21.

Promoter has pledged its holding in the bank of 5.64% looking for acquisition/strategic investment to convert promoter holding entity (lnduslnd International Holdings Ltd.) into listed operating entity outside India by September 2021 and provide exit to its shareholders.

Click on the attachment to read the full report:

Prabhudas Lilladher IndusInd Bank Company Update.pdf

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