Induslnd’s Bank’s shares hike by 5% as speculations are drawn out of RBI increasing promoters stake in company

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On Monday, shares on Induslnd Bank showed a 5% rise on BSE as investors were hoping promoters stake in the company could increase if RBI considers the special committee report. Hinduja Brothers, promoters of the bank appealed to RBI to increase their shareholdings in the lender upto 26 % in 15 years, which currently stands at 15%. The share towered with  5.18% with its price reaching Rs 852 on BSE. 

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