London Stock Exchange Group collaborates with IndusInd Bank

IndusInd Bank and the London Stock Exchange Group (LSEG) have collaborated to support the private sector lender’s digital transformation strategy. As part of the agreement, the bank will gain access to LSEG’s comprehensive data offerings and workflow solutions. This will help financial professionals at the lender to collaborate and provide insights utilising LSEG’s real-time news, data, and robust analytics. 

Moreover, the integration of LSEG’s electronic trading solutions will digitise the trading workflow, providing scalability, flexibility, and seamless integration capabilities; enhancing operational efficiency and streamlining the trading process. LSEG is a leading global financial markets infrastructure and data provider. 

IndusInd Bank Ltd was incorporated in 1994 as a commercial bank under the Banking Regulation Act, 1949. It is one of the fastest-growing banks in the banking sector in India. The Bank is publicly held and provides a wide range of banking products and financial services to corporate and retail clients besides undertaking treasury operations. The Bank operates in India including at the International Financial Service Centres in India. 

At 2 pm, the shares of IndusInd Bank were trading at Rs 1376.15, down by 0.39% from its previous closing of Rs 1381.50 on the BSE. 

Today, the stock opened at Rs 1374.95 and has touched a high and low of Rs 1384.80 and Rs 1350.55 respectively.  

The BSE group ‘A’ stock of face value of Rs 10 has touched a 52-week high and low of Rs 1,413.55 and Rs 789.75, respectively. 

Last one week high and low of the scrip stood at Rs 1399.90 and Rs 1345.55 respectively. The current market cap of the company is Rs 1,06,629.43 crore. 

The promoters holding in the company stood at 16.50%, while Institutions and Non-Institutions held 69.06% and 14.45% respectively. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.