In the Bahamas: IIHL Mauritius Takes Full Control of Sterling Bank

Indusind International Holdings Ltd (IIHL), based in Mauritius, has completed the acquisition of 100% of Sterling Bank's capital in the Bahamas, thereby strengthening its presence in the international banking sector. This operation, which began in September 2022 with the purchase of a 51% stake, has now been finalized with the acquisition of the remaining 49%. Sterling Bank will now be renamed IIHL Bank & Trust Ltd and will operate as a wholly-owned subsidiary of IIHL Capital, an entity dedicated to expanding its financial services.