Bandhan Financial Services is looking at ways for its investors to exit. The company has hired an investment banker to explore options. Thi...

Among India's two dozen life insurance firm, DHFL Pramerica, Future Generali India Life Insurance and Reliance Nippon's promoters' stake sa...

Bandhan Financial Holdings Ltd. sold 337.4 million shares in the Indian lender at 313.1 rupees in a block trade on Monday, a 9.3% discount ...

Shares of Bandhan Bank Ltd. traded 3.31 per cent up in trade at 10:45AM on Tuesday .

Shares of Bandhan Bank traded 6.48 per cent down in trade at 11:03AM on Tuesday.

Shares of Bandhan Bank Ltd. traded 3.16 per cent up in trade at 10:18AM on Thursday .

Private equity investors as well as global public market investors are likely to begin discussions to acquire the stake, this person added.

HDFC was expected to raise Rs 1,678 crore by selling 9.2 per cent in Gruh Finance.

As on June 30, HDFC held over 47 per cent stake in Gruh.

Bulk deal data on the NSE showed that Société Générale bought 41.9 lakh shares of Gruh Finance at Rs 290 per share.

The average price was Rs 290.14 equity share, HDFC said in a regulatory filing.

The merger with Gruh Finance will bring down promoters' holding in Bandhan only to 61 per cent from 82.28 per cent.

“The talks regarding the deal between Bandhan Bank and Gruh Finance have reached an advanced stage,” said a source close to the development.

The merger with Gruh Finance will bring down promoters' holding in Bandhan only to 61% from 82.28%.

The transaction would help Bandhan reduce its promoter holding.

"We plan to open all the branches for which we received licenses by December 31," Ghosh said.

Bandhan Bank is exploring inorganic route to pare promoters' stake.