Route One Fund I LP has divested 1.54% stake in IndusInd Bank for Rs 1,401 crore through an open market transaction. Route One Fund I LP has offloaded 1,20,00,000 shares in IndusInd Bank. The shares were disposed of at an average price of Rs 1,168.26 apiece, taking the transaction value to Rs 1,401.91 crore.
IndusInd Bank is one of the fastest-growing banks in the banking sector in India.