Business updates13 Oct 2026 · Tue
BANDHANBNKBandhan Bank
Bandhan Bank closes 9.21% higher after a stake report; the bank says it knows of none
Bandhan Bank shares rose 9.21% after reports that Abu Dhabi's IHC was in early talks to buy into the bank's promoter. The bank said it was not aware of any such development.
Price, Tuesday's close₹172.00▲ 9.21%
Last 5 days
52-week low ₹134.2552-week high ₹220.76
- Sector
- Banking
What happened
- Bandhan Bank shares rose after reports that IHC, an Abu Dhabi investment company, was in early-stage talks to buy a stake in Bandhan Financial Services, the bank's promoter, according to Upstox. The promoter holds just over a third of the bank.
- The bank clarified to the exchanges that it is not aware of any such development and has received no communication about it. Upstox and Sahi both reported that it saw no material impact.
- Upstox said that at the time of its report the shares had hit an intraday high of ₹171.68, and at 2:40 PM were at ₹170.29, up 8.12%. They closed at ₹172, up 9.21% from ₹157.50, with a day high of ₹173 on Zerodha Kite data.
- The 52-week range is ₹134.25 to ₹220.76.
Why it matters
Good to know: The reported stake would be in the promoter company, Bandhan Financial Services, not in the bank itself.
Key facts
- Report
- IHC in early talks for a stake in the promoter
- Bank's response
- Not aware; no communication received
- Close
- ₹172 (+9.21%)
Read the source
This is a summary of public news about Bandhan Bank, for information only. It is not a recommendation to buy, sell or hold BANDHANBNK.
Bandhan Bank in the news before
- 6 OCT 2026 · RESULTSBandhan Bank's loans rise 13.1% and deposits 9.2% in the September quarter