Private Sector Bank
Acquisitions30 March 2026 at 07:00 am

Catalyst Trusteeship Acquires 6.45% Stake in IndusInd Bank via Encumbrance

AI Summary

Catalyst Trusteeship Ltd has acquired a 6.45% stake in IndusInd Bank Ltd through encumbrance for the benefit of certain lenders and other finance parties. The acquisition was made pursuant to the requirements of Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The encumbrance was created over certain equity shares of IndusInd Bank Limited, held by QH Hungary Holdings Limited (QHH), IIHL, IndusInd Limited (IL), and HAL - borrowers. The acquisition was made under a term loan facility aggregating up to USD 1,445,000,000, pursuant to the terms and conditions set out in the margin loan agreement dated 27 March 2026.

Key Highlights

  • Catalyst Trusteeship Ltd acquires 6.45% stake in IndusInd Bank Ltd
  • Acquisition made through encumbrance for the benefit of certain lenders and other finance parties
  • Pledge created over equity shares held by QH Hungary Holdings Limited, IIHL, IndusInd Limited, and HAL
  • Acquisition pursuant to the requirements of Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
  • Term loan facility aggregating up to USD 1,445,000,000 under the margin loan agreement dated 27 March 2026