Bandhan Bank shares tumble 12% as stake‑sale plans emerge
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- Bandhan Bank shares fell as much as 12.5% to Rs 154 on the BSE after the report.
- Bandhan Financial Services is exploring exit options for long‑term investors such as GIC Ventures and the International Finance Corporation, including a private‑equity sale or an IPO.
- Bandhan Financial appointed Jefferies to assess investor interest, focusing on private‑equity funds.
- Regulatory rules require Bandhan Financial to cut the promoter’s stake in the bank to 26% by 2030; the it holds 39.74%.
- Bandhan Bank reported a 52% YoY decline in Q3 net profit to Rs 206 crore, while net interest income fell 4.5% YoY to Rs 2,688 crore.
- Bandhan Bank saw sequential improvement, with profit after tax up 84% QoQ and net interest income up 4% QoQ, and total deposits rose 11% YoY to Rs 1.57 lakh crore.
Why it matters: The plunge hit shareholders, while the potential private‑equity sale could secure a higher valuation for Bandhan Financial’s 39.74% stake, and the regulator‑mandated stake cut forces the group to restructure ownership by 2030. The market reaction also signals investor wariness about the timing and valuation of the exit, potentially affecting the cost of capital for future fundraising.
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