Hinduja Group

According to the sources close to the Hinduja group, the RBI is expected to give its formal clearance to the group for stake hike.  At an analyst conference, the IndusInd Bank management had said the promoters have applied to RBI for a stake hike. Currently two companies – Indusind International Holdings Ltd and Indusind Ltd – hold 12.57 per cent and 3.93 per cent, respectively, in IndusInd Bank. 

S.P. Hinduja (87) was the eldest of the four brothers. A statement issued by the family spokesperson read: "Gopichand, Prakash, Ashok and the whole Hinduja family with a heavy heart regret to announce the passing away of our family patriarch, and Chairman of the Hinduja Group, S.P. Hinduja today.