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CCI gives green signal to IndusInd Bank-Reliance Capital deal

28 Dec 2023 Evaluate

Competition Commission of India (CCI) has cleared the proposed stake acquisition in Reliance Capital by IndusInd International Holdings, IIHL BFSI (India), and Aasia Enterprises. IndusInd International Holdings (IIHL) is one of the promoters of IndusInd Bank.

Post the completion of the transaction, IndusInd Bank, along with other entities, will have a controlling stake in Reliance Capital. Reliance Capital is an RBI-registered non-banking, non-deposit-taking systemically important company (NBFC-CIC-ND-SI). It is engaged in the financial service sector.

IndusInd Bank is one of the fastest-growing banks in the banking sector in India.

Peers
Company Name CMP
HDFC Bank 719.35
ICICI Bank 1305.50
Axis Bank 1214.00
Kotak Mahindra Bank 419.80
Indusind Bank 880.00
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