IndusInd Bank announced the formal disclosure regarding the release of share encumbrances by its promoters, IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL), on March 27, 2026. This action involved the release of pledges previously held against a combined 7.67% of the bank’s total capital. The disclosures comply with Regulation 29(3) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Promoter Share Encumbrance Update
IndusInd Bank has formally intimated the stock exchanges about required disclosures concerning the encumbrance of shares held by its promoters. The intimation, dated March 30, 2026, covers events reported by IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL).
The disclosures were made pursuant to Regulations 29(3), 29, and 31 of the relevant SEBI regulations, providing details on the release of encumbrance (specifically the release of pledge) that occurred on March 27, 2026.
Summary of Encumbrance Events
IndusInd International Holdings Limited (IIHL)
Prior to the release, IIHL held 8,95,37,464 shares, representing 11.49% of the total paid-up capital. Following the release of pledge concerning 3,17,85,006 shares (representing 4.08% of capital), IIHL’s post-event holding of encumbered shares is reported as NIL. The release involved shares previously pledged to entities including Barclays Bank PLC and Deutsche Bank AG, London Branch.
IndusInd Limited (IL)
IndusInd Limited held 2,79,78,546 shares, which equated to 3.59% of the total capital. The release action covered 2,79,78,546 shares (also 3.59%). Similar to IIHL, the post-event holding of encumbered shares is recorded as NIL.
Total Promoter Position and Capital Details
Before considering the release transaction, the total shares held by Promoters (IIHL & IL combined) amounted to 11,75,16,010, representing 15.08% of the total share capital. The total shares involved in the release action (Encumbered/Released) summed up to 5,97,63,552, or 7.67% of the capital.
The total share/voting capital of IndusInd Bank Limited, both before and after the release event, remained constant at 77,91,06,092 Shares.
Reasons and Security Cover
The disclosed reason for the original encumbrance (Pledge Creation) was stated as “To top-up security placed with the Lenders for an existing loan facility”. The security cover ratio (Value of shares vs. Amount involved) before the transaction was noted as 2:1.
The authorized signatories confirming these disclosures were Moses Newling Harding John (President and CEO, IIHL) and Radamohun Gujadhur (General Manager and Director, IL), both signing from Mauritius on March 28, 2026.
Source: BSE
