⚠️⚠️Trendlyne Data: June 2023 to June 2024⚠️⚠️
CEO Sumant Kathpalia: Nearly total shareholding sold at an average price of Rs. 1,437 per share (aggregate sales: Rs. 118 crore)
Deputy CEO Arun Khurana: Nearly total shareholding sold at an average price of Rs. 1,451 per share (aggregate sales: Rs. 70 crore)
Both the above parties continuously sold their individual holdings throughout this time period in multiple open market transactions.
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Trendlyne Data: Mar 2024 to Dec 2024
A third party (besides the insiders) that was continuously selling its holding was FIIs. Their shareholding in Indusind Bank was 40.3% in Mar 2024. It came down to 24.7% in Dec 2024. (Probably they further sold in Jan/Feb 2025).
While this massive offloading of Indusind Bank shares was going on, there was one party – DIIs which was continuously buying those shares as if there is no tomorrow.
DII holding in Mar 2024 was 28.6%. It increased by Dec 2024 to 42.8%. (Probably they further bought in Jan/Feb 2025.)
DIIs have evaporated tens of thousands of crores of hard-earned money of retail investors in just one stock.
Promoter holding in Indusind Bank is only 16%. And now DIIs probably own almost 50% of this problematic bank. (Who knows they might have bought even today, while the FIIs sold.)🤦♂🤦♂🤦♂😮😮😮😷😷😷
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