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Nippon Life is said to consider buying stake in IndusInd Bank

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By Baiju Kalesh and Preeti Singh, BloombergLast Updated: Mar 07, 2025, 04:14:00 PM IST

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Nippon Life Insurance Co.'s India unit may buy a minority stake in IndusInd Bank Ltd. to use the bank's network for selling its insurance products. They could initially buy a 4.9% stake and potentially increase it to 9.9%. The market value of IndusInd Bank is about 730 billion rupees.

FILE PHOTO: A man walks outside a branch of IndusInd Bank in New Delhi

Nippon Life Insurance Co.’s India unit is considering buying a minority stake in IndusInd Bank Ltd., people familiar with the matter said, with the aim of using the lender’s network to expand sales of its insurance products.

Reliance Nippon Life Insurance Ltd. could seek as much as 9.9% in the Mumbai-listed bank, according to the people, who asked not to be identified because the deliberations are private. The insurer may initially buy a 4.9% stake and then potentially increase it over time, the people said.

Considerations are ongoing and might not lead to a transaction, they added.

A representative for Nippon Life declined to comment. IndusInd Bank didn’t respond to requests for comment.

IndusInd Bank has a market value of about 730 billion rupees ($8.4 billion).

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Nippon Life is said to consider buying stake in IndusInd Bank

Nippon Life Insurance Co.'s India unit may buy a minority stake in IndusInd Bank Ltd. to use the bank's network for selling its insurance products. They could initially buy a 4.9% stake and potentially increase it to 9.9%. The market value of IndusInd Bank is about 730 billion rupees.

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