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IFC, IFC FIG to sell 1.2 per cent through Bandhan Bank IPO

Press Trust of India  |  Kolkata 

and FIG, which have a total stake of five per cent in Bandhan Bank, would sell 1.2 per cent through the proposed IPO of the lender that opens from March 15.

and IFC FIG would offer 1.4 crore and 75.65 lakh shares for sale, respectively.

The would also offer fresh issue of 9.76 crore shares to the public.

MD and of Chandra Shekhar Ghosh said the lender's focus would continue to be on micro-credit and MSME, retail, affordable housing, loan against property, gold loan and loan against two-wheelers.

The price band of the issue has been fixed between Rs 370 to Rs 375 per share.

The merchant bankers would announce the list of anchor investors on March 14, and there is no discount on offer for investors.

The was mandated by the to come out with an IPO within three years after getting the in 2014.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 18:25 IST