Shares of Bandhan Bank Ltd fell sharply on Monday, declining nearly 7 percent in late morning trade after reports that its promoter, Bandhan Financial Services, is exploring options such as a stake sale or an IPO (initial public offering) to facilitate exits for long-term investors. Bandhan Bank stock was trading around Rs 164, down about 6.6 percent on the day, making it one of the top losers on the BSE Midcap index. The stock had gained roughly 30 percent in the one year prior to today’s fall. Bandhan Financial Services has engaged global investment banker Jefferies to explore potential options, including selling shares to private equity investors or launching an IPO, reported The Economic Times, citing unidentified sources. The move is aimed at providing an exit route for long-term institutional investors such as International Finance Corporation (IFC) and GIC Ventures, while also helping address regulatory requirements related to promoter shareholding in Bandhan Bank. Promoter group entities own 39.74 percent stake in the bank. All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24

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