Home / Business and Economy / Bandhan Bank Promoter Sells Shares to Meet RBI Norms
Bandhan Bank Promoter Sells Shares to Meet RBI Norms
22 Sep
Summary
- Bandhan Financial Services plans gradual stake reduction in Bandhan Bank.
- The promoter aims to meet RBI's 26% shareholding by 2030.
- A proposed stock split aims to attract retail investors.
Bandhan Financial Services, the promoter of Bandhan Bank, is set to divest its shares incrementally to adhere to Reserve Bank of India regulations. The promoter's objective is to reduce its stake to 26% by the 2030 deadline.
Recent market transactions indicate a gradual decrease in the promoter's holdings, which stood at 37.54% as of June 2026. The firm has communicated that there are no immediate plans for a large-scale share offloading.
Furthermore, Bandhan Financial Services has put forth a proposal for a stock split. This plan involves dividing each existing equity share of ₹10 face value into five shares of ₹2 face value each. Shareholders are scheduled to deliberate on this proposal during the annual general meeting on September 22, 2026.
This strategic move, along with the stake reduction, is anticipated to enhance the stock's appeal to a broader base of retail investors, potentially improving market accessibility.
