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Indonesian Stock Swoon Rattles Traders, Triggers Circuit Breaker

Acquisition to catalyse global expansion of IndusInd Holdings in banking & finance sector

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. indusind-holdings-in-banking-finance-sector.html
  Print publication without navigation Published in Business and Finance on by Zawya
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
"Now, with this acquisition, we are entering the insurance business in addition to banking. We also took a 60% stake in Invesco's mutual fund business, and once approvals are in place, we will have a complete presence across the BFSI sector," Ashok Hinduja said.
The article from Zawya discusses the acquisition of IndusInd Holdings (IHL) by a consortium led by the Hinduja family, aiming to catalyze the global expansion of IHL in the banking and finance sector. The acquisition, which includes a significant investment from the Hinduja family, is set to enhance IHL's capabilities in providing innovative financial solutions across various markets. This strategic move is expected to leverage IHL's existing strengths in banking, finance, and investment, while also tapping into new opportunities in regions like Africa, the Middle East, and Asia. The deal not only signifies a major step in the Hinduja family's commitment to expanding their financial services footprint but also aims at fostering growth through strategic partnerships and technological advancements in the sector.

Read the Full ZAWYA Article at:
[ https://www.zawya.com/en/press-release/companies-news/acquisition-to-catalyse-global-expansion-of-indusind-holdings-in-banking-and-finance-sector-ynh8w991 ]


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