Mumbai: IndusInd Bank on Thursday issued a formal clarification denying a news report in The Economic Times that claimed the Hinduja Group was looking for a strategic partner for the bank but would not dilute its stake. In a filing to the NSE, BSE and Luxembourg Stock Exchange, the bank said no discussions are underway with any party for onboarding a strategic partner.
Responding under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements, the bank stated it remains well-capitalised, growth-focused and fully aligned with its strategic roadmap, countering speculation of potential ownership or capital-raising moves.
IndusInd emphasised that it is fully conscious of its disclosure obligations and will continue to comply with regulatory requirements.