42: Will Uday Kotak’s luck rub off the Hindujas for IndusInd Bank?
Mark to Market
English - June 09, 2020 08:54 - 5 minutes - 5.01 MBBusiness News News market price finance podcast investing stock market entrepreneurship business business podcast money market share market entrepreneur Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Shares of IndusInd Bank rose more than 7% on Monday, making it the biggest gainer in the Nifty bank index. Why is there a sudden optimism with this stock? The main reason is that the bank’s promoters, the Hinduja Group want to increase their stake from the current 14.68% to at least 26%. True, a promoter increasing stake would mean there is more skin in the game. But there’s a catch here. Listen in to find out.