Indusind Bank Ltd
📊 IndusInd Bank Promoters Release 5.97M Pledged Shares
• Released 3,17,85,006 pledged shares (4.08% of total capital) by IndusInd International Holdings Limited
• Released 2,79,78,546 pledged shares (3.59% of total capital) by IndusInd Limited
• Total promoter shareholding: 11,75,16,010 shares (15.08% of total capital)
• Encumbered shares represent 50.86% of total promoter shareholding
• Encumbered shares remain below 20% of total share capital
• Shares were pledged to Barclays Bank PLC and Deutsche Bank AG, London Branch
• Funds used for global business opportunities and topping up security for existing loans