IndusInd Bank Jumps 4% As Promoters Call Report On Takeover "Baseless"

IndusInd Bank shares jumped more than 4 per cent on Monday, as the private sector lender denied reports concerning a merger proposal. Kotak Mahindra Bank is exploring a takeover of IndusInd Bank, in a move that would create the country's eighth-largest financial firm by assets, news agency Bloomberg had reported on Sunday citing people with knowledge of the matter. In a statement released late on Sunday, IndusInd Bank said it "denies...