Indusind Bank stocks are immersed in 27%, a large shareholder says: “Not a margin call”

Chairman Indusind Bank’s The founding company sought to assure investors after the shares on Tuesday plunged 27%.

Ashok Hinduja, Chairman Indusind International Holdings (IIHL), told CNBC-TV18 What a sharp drop in the bank’s stock value did not cause the IIHL stock.

“There is no stock at the moment,” Hindu said. “Shareholder pockets and pockets are very strong.”

The Indian lender, which is stipulated, said on Monday that he determined some “discrepancies” in his derivative portfolio. “The detailed internal inspection of the bank estimated the adverse effect of approximately 2.35% of the bank’s net value as of December 2024,” the release said.

On Tuesday, the shares closed 27.17% below.

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