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ING Vysya Bank’s promoter plans to sell its entire stake: Report

30 Sep 2013 Evaluate

ING Vysya Bank’s promoter is reportedly planning to sell its entire stake in the private sector bank. ING Group NV, the biggest Dutch financial-services company, is seeking a buyer for its 43% stake in the bank.

At present, ING Mauritius Holdings (33.85%) and ING Mauritius Investments (9.69%) are collectively holds 43.55% stake in ING Vysya Bank. While, institutions and non-institutions held 43.39% and 13.07% stake in the bank, respectively.

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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