World & BusinessBandhan Bank promoter plans gradual stake reduction to meet RBI rules
The Economic Times reports that Bandhan Financial Services aims to comply by 2030 and has already lowered its holding through open-market share sales.
TLDR
Bandhan Financial Services plans to gradually reduce its stake in Bandhan Bank to comply with Reserve Bank of India regulations by 2030, The Economic Times reports. Recent open-market share sales have already reduced its holding. The report also describes a proposed stock split intended to attract retail investors, with shareholder review planned for the annual general meeting.
Bandhan Bank promoter plans gradual stake reduction to meet RBI rules
The Economic Times reports that Bandhan Financial Services aims to comply by 2030 and has already lowered its holding through open-market share sales.
TLDR
Bandhan Financial Services plans to gradually reduce its stake in Bandhan Bank to comply with Reserve Bank of India regulations by 2030, The Economic Times reports. Recent open-market share sales have already reduced its holding. The report also describes a proposed stock split intended to attract retail investors, with shareholder review planned for the annual general meeting.