Business »  Topic »  Bandhan Bank promoter to sell 20.95% shares to raise Rs 10,500 crore in block deal

Bandhan Bank promoter to sell 20.95% shares to raise Rs 10,500 crore in block deal


New Delhi: Bandhan Bank Ltd.’s promoter Bandhan Financial Holdings is selling 337.4 million shares in the bank in a block deal seeking to raise $1.4 billion.

ET Now learns that Bandhan Financial Holdings, which currently owns 60.95 per cent shares in the lender is expected to sell shares equivalent to 20.95 per cent in Bandhan Bank tomorrow.

The shares have been offered at a floor price of Rs 311.1 ($4.16) each, according to the terms. Books will close by 11:30 pm in Hong Kong on August 2 and trading will start on ...


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