Back
Corporate News
Bandhan Bank denies negotiations with IHC over promoter stake, citing market conditions
13-Oct-2026, 02:01
Bandhan Bank Limited clarified that it is unaware of any negotiations with Abu Dhabi’s IHC regarding a promoter stake acquisition, in response to a news item published on moneycontrol.com on October 13, 2026, which caused the bank's scrip price to increase by 9.02%, moving from Rs 157.35 to Rs 171.55. The bank stated it has not withheld any material information and the price movement is likely due to market conditions, further noting it is unaware of any regulatory or legal proceedings related to the matter.