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Bandhan Bank Stock Jumps 7 Percent on IHC Stake Acquisition Reports
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Moneycontrol•13-10-2026, 10:52
Bandhan Bank Stock Jumps 7 Percent on IHC Stake Acquisition Reports
- •Bandhan Bank shares surged over 7 percent to reach Rs 169 in morning trade, emerging as the top midcap gainer on Tuesday.
- •Reports indicate that Abu Dhabi-based International Holding Company is exploring a potential stake acquisition in the bank's promoter entity, Bandhan Financial Services.
- •BFSL is reportedly working with investment bank Jefferies to find strategic investors for a 25 to 32 percent stake, potentially offering an exit for long-term investors like GIC and IFC.
- •The restructuring plans aim to facilitate shareholder exits, monetize group business stakes, and help the promoter meet regulatory requirements to reduce its bank holding to 26 percent by 2030.
Key Questions Answered
Bandhan Bank shares jumped more than 7 percent following reports that Abu Dhabi's International Holding Company (IHC) is exploring a potential stake acquisition in the private lender's promoter entity, Bandhan Financial Services (BFSL).
The major restructuring aims to facilitate exits for longstanding institutional investors like GIC and IFC, monetise stakes in group businesses, and raise capital for Bandhan Bank.
Under the private sector lender's licensing conditions, the promoter must reduce its holding from 37.5 percent down to 26 percent by the year 2030.
