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  

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.