India: Bandhan Bank eyes inorganic options to cut promoter stake

Bandhan Bank’s IPO was one of the major issues of 2018. Photo: Mint

Bandhan Bank is exploring inorganic opportunities to reduce promoters’ stake after the Reserve Bank of India came down heavily on the bank for failing to cut the shareholding of its non-operating financial holding company (NOFHC) to 40%.

Continue reading this story with a subscription to DealStreetAsia.

Subscribe

Contact us for corporate subscriptions at subs@dealstreetasia.com.