IndusInd Bank, among the first new generation private sector banks that obtained a licence in 1994, was conceptualised by Srichand P Hinduja, Hinduja Group chairman.
IndusInd Bank shares were bought at an average price of Rs 450 apiece amounting to Rs 21.15 crore, according to block deal information with the stock exchanges.
Through Global Investments, the Hinduja Group is a major player in automotive manufacturing, financial services, banking, trading, oil, media & communications, among others.
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