7 months ago
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IndusInd International Holdings Ltd. (IIHL), Mauritius has announced the acquisition of 100% involvement in Sterling Bank, Bahamas. The institution said successful a connection that it had earlier acquired 51% involvement successful September 2022, and has present completed the acquisition of the remaining 49% equity.
The acquisition was made done IIHL’s wholly owned subsidiary, IIHL (Capital), Mauritius.
Sterling Bank volition beryllium renamed arsenic ‘IIHL Bank & Trust Ltd.’
IIHL, a Mauritius-based entity with a nett worthy of $1.26 cardinal arsenic of August 31, 2025, has a diversified concern portfolio crossed the Banking, Financial Services, Securities, and Insurance (BFSI) sectors. IIHL is the promoter of IndusInd Bank Ltd.
Ashok P. Hinduja, Chairman, IIHL, Mauritius, said, “This acquisition enables IIHL to grow globally, combining our decades of acquisition with planetary champion practices. It strengthens our quality to present semipermanent worth to our shareholders and customers. Together with our caller acquisitions, this positions america good to execute our people of a $50 cardinal planetary marketplace capitalisation by 2030 successful the BFSI sector.”
B.R.S. Satyanarayana, Managing Director & CEO of the bank, said, “This milestone volition guarantee semipermanent sustainable maturation and stableness for IIHL Bank & Trust Ltd. We look guardant to bringing greater worth and enhanced services to our clients nether the IIHL banner.”
