The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 31, 2026 for Indusind Ltd & Indusind ....
INDUSINDBK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
IndusInd Bank's promoters IndusInd International Holdings Ltd (IIHL) and IndusInd Ltd (IL) have created pledges on their shareholdings. IIHL pledged 2,22,88,989 shares (2.86%) and IL pledged 2,79,78,546 shares (3.59%), totaling approximately 5.02 crore shares. The shares were pledged in favor of Catalyst Trusteeship Limited as Onshore Security Agent. The total value of shares encumbered is Rs 4,021.4 crore against an amount involved of Rs 3,060 crore. The stated purpose is refinancing of existing indebtedness. Total promoter holding stands at 15.08% of the bank.
The pledge creation indicates promoters are using bank shares as collateral for borrowing, likely for refinancing debt. This raises concerns about potential dilution or selling pressure if lenders invoke pledges, though the encumbered shares remain below 20% of total capital.