Bandhan Bank Promoter to Gradually Reduce Stake to Meet RBI Norms
· Business · Economic Times, LiveMint
Bandhan Financial Services, the promoter of Bandhan Bank, plans to gradually offload its stake in the bank to comply with RBI regulations requiring a reduction to 26% by 2030. The promoter has already reduced its holdings from 39.74% at the end of 2025 to 37.54% as of June this year. Chairman Chandra Shekhar Ghosh confirmed there are no plans for a bulk sale, with recent share sales likely occurring on the open market. Additionally, the promoter has proposed a stock split, dividing each ₹10 share into five ₹2 shares, to be reviewed at the AGM on September 22. The move aims to make shares more attractive to retail investors ahead of a potential IPO.
Why it matters
This impacts Bandhan Bank's shareholding structure and aligns with RBI's regulatory requirements, ensuring compliance while potentially boosting retail investor interest through the proposed stock split.
Read the original report — Economic Times
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