Promoters to buy additional IndusInd Bank shares from open market, but under RBI guidelines
Video description:
Companies climb a step ahead in success when the promoter himself is trying to increase stake in the company in which one has invested. That is happening with IndusInd Bank shareholders right now as the management has sent a disclosure stating intent to hike the stake in the bank. The promoters currently hold 14.68 per cent stake in the company. The cap on promoter holding in private banks is at 15 per cent. IndusInd International Holdings and IndusInd, promoters of the bank, will act as a vehicle to buy the shares directly from the market. Listen in to know more! Subscribe To ET Now For Latest Updates On Stocks, Business, Trading | ► https://goo.gl/SEjvK3 Subscribe Now To Our Network Channels :- Times Now : http://goo.gl/U9ibPb The NewsHour Debate : http://goo.gl/LfNgFF To Stay Updated Download the Times Now App :- Android Google Play : https://goo.gl/zJhWjC Apple App Store : https://goo.gl/d7QBQZ Social Media Links :- Twitter - http://goo.gl/hA0vDt Facebook - http://goo.gl/5Lr4mC G+ - http://goo.gl/hYxrmj Website - www.etnownews.com
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