Nureca Limited — JV/Acquisition, 11-12-2024: Acquisition

Nureca Limited has acquired an additional 4,000 equity shares of IndusInd Bank Limited, increasing its stake in the financial services sector. The total cost of this acquisition amounts to approximately ₹39.37 Cr. This strategic move aims to enhance Nureca's investment portfolio and leverage potential synergies within the financial services landscape. IndusInd Bank, established in 1994, reported a turnover of ₹4,57,482.10 Mn for 2024, reflecting significant growth over the past three years. This acquisition positions Nureca to benefit from the increasing returns from the banking sector and underscores its commitment to diversifying its investments.