Translate to...

IndusInd Bank shares jump 3% on talks of Route One increasing stake

IndusInd Bank shares jump 3% on talks of Route One increasing stake

IndusInd Bank shares jump 3% on talks of Route One increasing stake US-based hedge fund Route One Investment Company had initiated talks to increase its stake in the Hinduja Group-backed lender, which is exploring multiple options to strengthen its Balance Sheet and raise capital, sources told Moneycontrol.