M&A

M&A

IndusInd Bank promoter IIHL Mauritius acquires Sterling Bank, Bahamas

Economic Times  

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."