Hinduja Group chairman Srichand P. Hinduja. Selling control of MauBank would enable the Mauritian government to recoup some of the money its used to bail out the lender. Photo: AFPPort Louis: Hinduja Group India Ltd, owned by the billionaire Hinduja brothers, is considering buying a majority stake in state-owned MauBank Ltd of Mauritius, according to two people with knowledge of the matter. The government then merged the bank with the loss-making Mauritius Post Cooperative Bank to create MauBank. A Mumbai-based representative for the Hinduja Group did not immediately respond to an email and phone calls seeking comments.

Source: Mint February 26, 2018 19:07 UTC