Two shareholders sell IndusInd Bank shares worth Rs 123 crore

MUMBAI: IndusInd Bank's two shareholders -- Ashok Leyland and IDL Speciality Chemicals -- today offloaded 29.75 lakh shares of private lender worth Rs 123 crore.

Individually, Speciality Chemicals sold 18.25 lakh scrips of IndusInd Bank, while Ashok Leyland offloaded 11.5 lakh shares of the bank, according to block deal data available with BSE.

These shares were sold to CPCI Mauritius on an average price of Rs 414 valuing the transaction at Rs 123.16 crore.

Yesterday, Hinduja group firm Ashok Leyland had sold 18 lakh shares of IndusInd Bank to CPCI Mauritius for Rs 75.06 crore.

Earlier in March, Ashok Leyland had offloaded 50 lakh shares of IndusInd Bank in a transaction worth more than Rs 216 crore. The shares were bought by Afrin Dia, a foreign institutional investor.

As of September quarter, Ashok Leyland held 1.30 crore shares, amounting to 2.48 per cent stake, of the bank, while while IDL Speciality Chemicals held 1.13 crore scrips of IndusInd Bank, which is equivalent to 2.17 per cent holding.

IndusInd Bank shares today rose by 3.65 per cent to close at Rs 430.05 apiece on the BSE.