IIHL Acquires Sterling Bank

IIHL Acquires Sterling Bank   IIHL, the promoter of IndusInd Bank, has acquired 100% of Sterling Bank, Bahamas, and renamed it IIHL Bank & Trust. The acquisition was finalised in October 2025 after IIHL initially bought a 51% stake in 2022. The purchase is...

IIHL completes RCAP acquisition

IIHL completes RCAP acquisition   IIHL completed its acquisition of the debt-ridden RCap for ₹9,650 crore in March 2025, a deal that involved a three-year resolution process. The acquisition was officially completed with the transfer of the bid amount to...

IIHL eyes valuation of $ 50 bn by 2030

IIHL eyes valuation of $ 50 bn by 2030   IIHL is targeting a $50 bn valuation for its BFSI business by the year 2030. Chairman Ashok Hinduja announced this goal after they completed the process of acquiring RCAP. Mr Hinduja said this goal is based on a strategy...