New Delhi, Oct. 6 -- IndusInd International Holdings Ltd (IIHL), Mauritius, the promoter of IndusInd Bank, announced that it has acquired a 100% stake in Bahamas-based Sterling Bank.

The acquisition was completed through IIHL's wholly owned subsidiary, IIHL (Capital), Mauritius in two phases. In September 2022, IIHL acquired a 51% stake in the bank and now purchased the remaining 49% equity.

With IIHL now holding full ownership, the bank has been renamed IIHL Bank & Trust Limited, according to a company statement.

The Mauritius-based entity IIHL, with a net worth of $1.26 billion as of August 31, 2025, has investments across the Banking, Financial Services, Securities, and Insurance (BFSI) sectors. It is the promoter of IndusInd Bank, ...