Nureca Limited has disclosed a recent acquisition of 15,000 equity shares of IndusInd Bank Limited through the open market, amounting to an investment of Rs. 1.5 crore. This disclosure, made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, includes the necessary details regarding the acquisition and its implications.

Details of the Acquisition

The shares of IndusInd Bank Limited, one of India's leading financial services institutions, were acquired by Nureca Limited for the purpose of investment. The acquisition does not fall under related party transactions, as neither the promoter nor the promoter group has any interest in IndusInd Bank.

The acquisition was undertaken through the open market, and the shares were purchased at market value, indicating Nureca’s strategic approach to expand its portfolio with a leading financial player in India.

No Regulatory Approvals Required

Importantly, no governmental or regulatory approvals were required for this transaction, as the purchase was made through the open market. Nureca has followed all necessary procedures for the acquisition, ensuring full compliance with SEBI regulations.

Impact of the Acquisition

The acquisition of 15,000 shares adds to Nureca’s investment in the financial sector. The decision to acquire these shares aligns with the company’s investment strategy and the broader objective of diversifying its portfolio.

IndusInd Bank: Background and Performance

Founded on January 31, 1994, IndusInd Bank Limited has grown to become a major player in the Indian banking and financial services sector. The bank’s registered office is located in Pune, Maharashtra, and it offers a wide range of financial services, including retail banking, corporate banking, and wealth management.

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In terms of financial performance, IndusInd Bank has shown consistent growth over the past few years, with its turnover reaching Rs. 457,482.10 million in 2024, up from Rs. 363,679.10 million in 2023 and Rs. 308,224.40 million in 2022.

For more information, details about IndusInd Bank’s offerings and performance can be accessed on their official website at www.indusind.com.

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