Bandhan Bank shares rise 4% after block deal reports
According to the data, more than 5.2 crore shares exchanged hands on BSE, while over 95 lakh shares exchanged hands on the National Stock Exchange (NSE). This is more than 3 per cent of the company's total equity.
By Pawan Nahar, ETMarkets.com |
Agencies
New Delhi: Shares of Bandhan Bank were buzzing in the early hours on Friday as the trading volume surged amid reports of block deals on the counter.
According to ET Now, HDFC has pared its stake in the company. However, ETmakrets.com could not verify the same at the time of writing this report.
The leading housing mortgage lender held about 15,93,63,149 equity shares or 9.89 per cent per cent stake in the company at the end of the December 2021 quarter, shareholding data suggests.
According to the data, more than 5.2 crore shares exchanged hands on BSE, while over 95 lakh shares exchanged hands on the National Stock Exchange (NSE). This is more than 3 per cent of the company's total equity.
HDFC sold its shares for Rs 307.85 apiece, ET Now reported. This reported deal is close to Rs 1,600 crore. Post this deal, HDFC will hold 10.9 crore equity shares or a 6.8 per cent stake in the company.
Following the update, shares of Bandhan Bank jumped about 4 per cent to Rs 327.45, before paring up some gains. The scrip had settled at Rs 315.55 on Thursday.
Earlier this week, a consortium of the bank’s parent Bandhan Financial Holdings, private equity firm ChrysCapital and Singapore’s sovereign fund GIC said they will acquire IDFC Asset Management for Rs 4,500 crore.
BSE Sensex was trading flat at 59,027.99, down by merely 6.96 points or 0.01 per cent at the time of writing this report.
According to ET Now, HDFC has pared its stake in the company. However, ETmakrets.com could not verify the same at the time of writing this report.
#MarketsWithETNOW | Bandhan Bank has 49.7 mn shares change hands in a bunched trade; 3% of equity block deal… https://t.co/GCZju4ofQ7
— ET NOW (@ETNOWlive) 1649390651000The leading housing mortgage lender held about 15,93,63,149 equity shares or 9.89 per cent per cent stake in the company at the end of the December 2021 quarter, shareholding data suggests.
According to the data, more than 5.2 crore shares exchanged hands on BSE, while over 95 lakh shares exchanged hands on the National Stock Exchange (NSE). This is more than 3 per cent of the company's total equity.
#BandhanBank | Sources say��#HDFC sold close to 5 cr shares @ Rs 307.85 HDFC held 15.9 cr shares, i.e., 9.89% stak… https://t.co/5VK9mb08BB
— ET NOW (@ETNOWlive) 1649391267000HDFC sold its shares for Rs 307.85 apiece, ET Now reported. This reported deal is close to Rs 1,600 crore. Post this deal, HDFC will hold 10.9 crore equity shares or a 6.8 per cent stake in the company.
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Following the update, shares of Bandhan Bank jumped about 4 per cent to Rs 327.45, before paring up some gains. The scrip had settled at Rs 315.55 on Thursday.
Earlier this week, a consortium of the bank’s parent Bandhan Financial Holdings, private equity firm ChrysCapital and Singapore’s sovereign fund GIC said they will acquire IDFC Asset Management for Rs 4,500 crore.
BSE Sensex was trading flat at 59,027.99, down by merely 6.96 points or 0.01 per cent at the time of writing this report.
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