The Indusind Bank shares are reduced by 27%, the main shareholder says that “no margin”
Ashok Hinda, President of Indusind International Holdings.
Chandan Khanna | AFP | Getty Images
President Indusind Bank’s The establishment company sought to convince investors after over 27%fell on Tuesday.
Ashok Hinda, President of Indusind International Holdings (IIHL), said CNBC-TV18 That the sharp drop in the price of the bank’s shares did not initiate a call to the shares held by IIHL.
“There is no call to margin right now,” Hinda said. “Pockets of shareholders and pockets of IIHL are very strong.”
A relaxed Indian lender said on Monday that he had identified some “differences” in his derivative portfolio. “A detailed internal inspection of the bank estimated the harmful influence of about 2.35% of the Net Value of the Bank of December 2024,” the statement said.
The shares closed 27.17% lower after the news on Tuesday.
