Thursday, 8 October 2026
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IndusInd Bank promoter IIHL Mauritius acquires Sterling Bank, Bahamas

1 min read

Source Economic Times (opens in a new tab)

IIHL Mauritius, the promoter of IndusInd Bank, has completed the acquisition of a 100% stake in Sterling Bank, located in the Bahamas. This transaction follows an earlier acquisition of a 51% stake in Sterling Bank by IIHL's wholly owned subsidiary, IIHL (Capital), Mauritius, in September 2022. Following the full acquisition, Sterling Bank will be renamed "IIHL Bank & Trust Ltd."