IndusInd Bank has filed a disclosure regarding an inter-se transfer of shares among its promoters, effective March 30, 2026. The transaction involved IndusInd International Holdings Limited (IIHL) selling 1,12,88,989 shares and IndusInd Limited (IL) purchasing the same number. Following the transfer, the total promoter holding remains unchanged at 15.08% of the total capital. The disclosure complies with the requirements of Regulation 29(2) of the SEBI (SAST) Regulations, 2011.
Regulatory Filing Confirms Promoter Activity
IndusInd Bank Limited has formally intimated the stock exchanges, including the BSE Ltd. and NSE, regarding a material transaction involving its promoter entities: IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL). The transaction, classified as an Inter-se transfer amongst Promoters, took place on March 30, 2026, as per the intimation date provided by the entities.
Details of the Inter-Se Share Transfer
The transfer involved the following activity:
- IIHL (SOLD): Transfer of 1,12,88,989 shares, representing 1.45% of the total voting capital.
- IL (PURCHASE): Acquisition of 1,12,88,989 shares, also representing 1.45% of the total voting capital.
The aggregate number of shares involved in this specific transfer was 1,12,88,989.
Shareholding Position Before and After Transfer
Crucially, the disclosure highlights that the total shareholding held by the promoters remained constant both before and after the transaction. The total capital base used for calculation is based on 77,91,06,092 Shares.
Pre-Acquisition Holding:
- The combined holding of shares carrying voting rights for IIHL and IL amounted to 11,75,16,010 shares, equating to 15.08% of the total capital.
- Shares held in the nature of encumbrance (pledge) totaled 5,02,67,535 shares (6.45%).
Post-Acquisition Holding:
Following the acquisition/sale, the new breakdown of operational shares for the promoters is:
- IIHL Shares Carrying Voting Rights: 7,82,48,475 (10.04%).
- IL Shares Carrying Voting Rights: 3,92,67,535 (5.04%).
The Total Shares held by Promoters remains firmly at 11,75,16,010, or 15.08%, demonstrating that the transaction was purely a reallocation within the promoter group and did not result in any change in overall promoter control or voting power relative to the total equity base.
Capital Structure Stability
The statement confirms that the Equity share capital / total voting capital before and after the transaction was identical at 77,91,06,092 Shares. The mode of acquisition for this transfer was explicitly documented as an “Inter-se transfer amongst Promoters.”
Source: BSE
