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Bandhan Bank might ask the Reserve Bank of India (RBI) to relax the rule that the promoters’ stake must be brought down to 40 per cent in the holding company.
At present, Bandhan Financial Services is the 100 per cent owner of Bandhan Financial Holding, a non-operating financial holding company. Which, in turn, has promoted and owns 89.62 per cent stake in Bandhan Bank. After the initial public offering (IPO) of equity, which opens later this week, the promoter holding in Bandhan Bank will go down to around 82 per cent, from nearly 89 per cent at present.
At present, Bandhan Financial Services is the 100 per cent owner of Bandhan Financial Holding, a non-operating financial holding company. Which, in turn, has promoted and owns 89.62 per cent stake in Bandhan Bank. After the initial public offering (IPO) of equity, which opens later this week, the promoter holding in Bandhan Bank will go down to around 82 per cent, from nearly 89 per cent at present.
