27-Oct-2026 11:30:18
Bandhan Bank Rises 3.5% on Reports of Abu Dhabi’s First Abu Dhabi Bank Exploring Stake Acquisition
Bandhan Bank shares rose 3.5% following reports that Abu Dhabi-based First Abu Dhabi Bank and International Holding Company are in early-stage discussions to acquire a stake in Bandhan Financial Services, the bank’s promoter entity. The proposed deal could involve a 25–32% stake, potentially worth $500–600 million, and provide an exit route for existing investors GIC and IFC. However, discussions remain preliminary.