Bandhan Financial Holdings Limited, a promoter, sold 3,31,07,015 shares of Bandhan Bank Limited for ₹536.47 Cr at ₹162.04 apiece through an open market transaction. This reduced its stake from 39.99% to 37.93%.
A private sector bank incorporated in 2014, Bandhan Bank operates across India with a focus on serving underbanked and underpenetrated markets. The company offers a comprehensive range of banking products and services including micro banking, retail deposits, and general banking solutions tailored for underserved customer segments. Its distinctive approach centers on financial inclusion through accessible credit and liability products designed for smaller businesses and retail customers.
