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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 692.10
ICICI Bank 1395.00
Axis Bank 1214.05
Kotak Mahindra Bank 430.10
Indusind Bank 835.00
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