Private sector IndusInd Bank said it has acquired 7.82 percent stake in battery maker Eveready Industries by invoking pledged shares following loan default. The bank invoked pledge on 56,83,320 shares forming 7.82 percent of paid-up equity share capital of Eveready Industries.
IndusInd Bank acquires 7.82% stake in Eveready by invoking pledged shares
Date posted: Monday 10 August 2020