IndusInd Bank has seen a few changes in its ownership pattern during the January–March quarter. The promoter’s shareholding slightly decreased from 16.29% in December to 15.83% by March. Meanwhile, retail investors took advantage of the falling stock price—down nearly 30%—and increased their holding, with the number of small shareholders rising from 6.17 lakh to 7.47 lakh. Their overall stake grew from 7.9% to 9.17%.
Among institutional investors, Kotak Mutual Fund and Quant Mutual Fund completely exited their positions in IndusInd Bank during March. Kotak’s Equity Arbitrage Fund earlier held a 1.26% stake, which is no longer visible in the latest filing. On the other hand, Mirae Asset Largecap Fund entered the picture with a 1.52% stake, although it wasn’t listed in the December quarter.
Domestic mutual funds trimmed their holdings from 30.31% in December to 27.55% by March. Life Insurance Corporation (LIC) also slightly reduced its share from 5.23% to 5.08%. However, foreign investors stepped up, increasing their stake from 24.74% to 29.53%. Interestingly, the Government of Singapore, which previously held a 1.29% stake, no longer appears in the updated list.
Separately, the bank disclosed a financial hit of Rs 1,979 crore due to certain discrepancies, which equals about 2.27% of its net worth. This loss will be reflected in its FY25 financial statements.
