US-BASED HEDGE FUND ROUTE ONE PLANNING TO RAISE ITS STAKE IN IndusInd Bank

Highlights

• Route One Investment Company is planning to raise its stake from 5.4 percent to 9.9 percent

• According to the current market capitalisation, 10 percent stake in IndusInd Bank is valued at Rs 3,650 crore

• On the S&P BSE, the stocks of IndusInd Bank went up to 9 percent on Wednesday

The stocks of IndusInd Bank jumped nearly 9 percent on Wednesday courtesy of the reports of....