Bandhan Bank Shares Decline Amid Promoter's Stake Sale and IPO Exploration

Shares of Bandhan Bank fell sharply, dropping between 7% and over 9% in recent trading, following reports that its promoter, Bandhan Financial Services, is exploring options to facilitate exits for early investors. Potential routes include selling stakes to private equity or launching an initial public offering. This news raised concerns about increased share supply and market volatility. The bank's promoter stake reduction aligns with regulatory norms, and stock exchanges have sought official clarification on these reports.