Ashok P Hinduja, chairman, IIHL, Mauritius | Photocredit: Cueapi
According to a statement, Indusind International Holdings Ltd (IIHL) completed the acquisition of an interest of 100 percent in Sterling Bank, Bahamas.
IIHL had acquired an interest of 51 percent in Sterling Bank in September 2022 and has now completed the acquisition of the remaining interest of 49 percent. The acquisition was made by IIHL’s entire subsidiary, IIHL (Capital), Mauritius. After the acquisition, Sterling Bank is renamed IIHL Bank & Trust Ltd. IIHL Mauritius is also intended to introduce advanced financial technologies and international market products to better serve the bank’s customers.
IIHL, with a net value of $ 1.26 billion from 31 August” Recently the acquisition of a 100 percent interest in Reliance Capital concluded, together with its most important subsidiaries on the insurance and securities market. It was a life insurance policy, a joint venture with the lives of Nippon, managing assets of $ 4.3 billion and chose 60 percent interest in the India activities of Invesco Asset Management Company with an AUM of more than $ 14.5 billion.
Ashok P Hinduja, Chairman, IIHL, Mauritius, said: “This acquisition allows IIHL to expand worldwide, to combine our decades of experience with worldwide best practices. It strengthens our ability to deliver long -term value to our shareholders and customers. Together with our recent glares, these functions in our target to reach the functions in the functions in the functions in the functions in the functions of the functions in the functions in the functions in the functions in the functions in the functions in the functions in our targeties in the functions in our targeties in our targeties in our targeties in our targeties in the functions in our goal, in our targeties in our goal, in our target statements, in our target statements, in our goal, the functions in our goal, in our goal, the functions of our goal, the functions of our goal, the functions of our goal, the functions of our goal BFSI sector. ” End
Published on October 6, 2025
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