Bandhan Bank promoter to gradually reduce stake to meet RBI norms

Bandhan Financial Services will reduce its stake in Bandhan Bank gradually. The promoter aims to comply with RBI regulations by 2030. Recent share sales occurred on the open market, lowering holdings. A proposed stock split will divide shares to attract retail investors. Shareholders will review this plan at the upcoming annual general meeting.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3EVfBFZ
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