Bandhan Bank promoter to gradually reduce stake to meet RBI norms
Bandhan Financial Services will reduce its stake in Bandhan Bank gradually. The promoter aims to comply with RBI regulations by 2030. Recent share sales occurred on the open market, lowering holdings. A proposed stock split will divide shares to attract retail investors. Shareholders will review this plan at the upcoming annual general meeting.
Key Takeaways
- Bandhan Financial Services will reduce its stake in Bandhan Bank gradually.
- The promoter aims to comply with RBI regulations by 2030.
- Recent share sales occurred on the open market, lowering holdings.
Bandhan Financial Services will reduce its stake in Bandhan Bank gradually. The promoter aims to comply with RBI regulations by 2030. Recent share sales occurred on the open market, lowering holdings. A proposed stock split will divide shares to attract retail investors. Shareholders will review this plan at the upcoming annual general meeting.
Original Publisher Attribution
This summary was curated from Economic Times.