Bandhan Bank shares drop 7% amid stake sale talks
after close1 source ↓written by the desknot a recommendation
- in late morning
- 7%
Shares of Bandhan Bank Ltd fell nearly 7% in late morning trade, trading around ₹164. This decline follows reports that promoter Bandhan Financial Services is exploring a stake sale or IPO to facilitate exits for long-term investors. The bank aims to address regulatory requirements related to promoter shareholding while providing an exit route for institutional investors like IFC and GIC Ventures.
Not investment advice. For informational purposes only.