IndusInd Bank buys IL&FS Securities; capital market deal to boost growth

IndusInd Bank was one of the few large private banks without a major presence in the capital market business. With Tuesday’s announcement of acquiring IL&FS Securities Services (ILFS), it has partly bridged this gap. Even the Street cheered with the stock hitting its 52-week high at Rs1,995 in Wednesday’s trading, before closing about a per cent lower as broader markets fell. ALSO READ: IndusInd, DBS Bank go to tribunal against Jyoti Structures' resolution plan   IndusInd has growth potential, given the looming merger of Bharat Financial, an expected 25-30 per.....

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