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IndusInd International Holdings Limited (IIHL) Completes 100% Acquisition of Sterling Bank, Bahamas.

Banking & Finance | Dated: 09 Oct 2025

In October 2025, IndusInd International Holdings Limited (IIHL), the promoter of IndusInd Bank Limited, Mauritius, successfully completed the acquisition of a 100% stake in Sterling Bank, Bahamas, through its wholly owned subsidiary, IIHL (Capital), Mauritius. This marks a major global expansion step for the company.

🎯 Key Highlights:

  • - IIHL initially acquired a 51% stake in Sterling Bank in September 2022. With the acquisition of the remaining 49% equity in October 2025, Sterling Bank has now become a fully owned subsidiary of IIHL, marking the company’s full operational control over the Bahamian banking entity.
  • - Following the completion of the acquisition, Sterling Bank is set to be renamed as IIHL Bank & Trust Ltd. This rebranding reflects IIHL’s strategic intent to align its international banking operations under a unified brand identity.

💡 Other Important Facts:

  • (i) Through this acquisition, IIHL aims to significantly expand its footprint across the Banking, Financial Services, Securities, and Insurance (BFSI) sectors globally. The company plans to leverage this move to strengthen its international presence and diversify its service portfolio across markets.
  • (ii) IIHL’s strategic roadmap includes integrating advanced financial technologies, enhancing global product offerings, and achieving a market capitalization target of USD 50 billion by the year 2030. This acquisition is a key milestone toward that long-term growth vision.

📚 Test Your Knowledge:

In which country has IndusInd International Holdings Limited (IIHL) recently completed the acquisition of a 100% stake in Sterling Bank?

Correct Answer: Bahamas

🚀 Quick Recap: