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IndusInd Bank acquires 7.82% stake in Eveready Industries by invoking pledged shares

10 Aug 2020 Evaluate

IndusInd Bank has acquired 7.82 per cent stake in battery maker Eveready Industries by invoking pledged shares following a loan default. The bank invoked pledge on 56,83,320 shares forming 7.82 per cent of paid-up equity share capital of Eveready Industries.

IndusInd Bank is as one of the fastestgrowing banks in the banking sector in India.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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