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

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.