India's Bandhan Bank falls after block deal at discount

Bandhan Bank

16/03/2026 09:32

** Shares of Bandhan Bank BANH.NS down 8% to 161.46 rupees, set to fall for third straight session

** 470,359 shares traded in a block deal on NSE at 11.5% discount to closing price on Friday

** Bandhan Bank's promoter Bandhan Financial Services is exploring exit options for its long-term investors, such as GIC Ventures and International Finance Corp, Economic Times had reported citing sources

** BANH clarifies not aware of any such development, and it has not received any communication

** Trading vols nearly 3x the 30-day average at 30 mln shares so far

** YTD, BANH up ~11%

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))