Gold Silver Reports – IndusInd Bank Gain On Invoking Pledge Of Jaypee Infratech Shares — Shares of the Mumbai-based private lender rose as much as 5.9 percent, the most in almost six months, to Rs 1,790.
IndusInd Bank Ltd. has invoked the pledge on 6 crore Jaypee Infratech Ltd. shares, which amounts to a 4.3 percent stake of the crisis-hit company. These shares were held by Jaypee Infratech’s promoter Jaiprakash Associates Ltd., which is the flagship company of debt-ridden Jaypee Group. Goldman Neal Bhai Reports