India's IndusInd Bank gains after report top shareholder is seeking strategic partner

Indusind Bank

04/12/2025 07:32

** Shares of IndusInd Bank  INBK.NS climb as much as 3.1% to 873 rupees, top gainer among banking stocks .NSEBANK

** Looking for strategic partner, Ashok Hinduja, chair of INBK's controlling shareholder IIHL, tells the Economic Times in an interview

** INBK says there is "no discussion of this nature underway with anyone in the bank"

** INBK is the only "sell" rated stock on the 12-member Nifty Bank .NSEBANK index - data compiled by LSEG

** Shares down ~10% YTD, only stock in the red on the bank index

 (Reporting by Nandan Mandayam in Bengaluru)

 ((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))