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Bandhan Bank tumbles 12% as 21% equity changes hands via block deal

Blooomberg had reported recently that Bandhan Bank's main shareholder Bandhan Financial Holdings was looking to sell 337.4 million shares in a block trade today, seeking to raise $1.4 billion

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Buzzing stocks | Bandhan Bank | Markets

SI Reporter  |  New Delhi 

The names of the buyers and sellers could not be ascertained immediately.
The names of the buyers and sellers could not be ascertained immediately.

Shares of tumbled 12 per cent per cent to Rs 304.2 on the BSE on Monday after nearly 21 per cent of the bank's equity changed hand on the NSE and BSE via block deals. At 9:38 am, the stock was trading 8.4 per cent lower on the BSE at Rs 316 apiece, as against 280 points, or 0.74 per cent, decline in the S&P BSE Sensex.

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First Published: Mon, August 03 2020. 09:54 IST
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