Bandhan Bank denies IHC stake acquisition reports

Strategic Transactions View source PDF Explain this filing

BANDHANBNK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+9.2%Reaction day

₹157.50

prior close

₹169.27

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.3%+8.9% vs market

Private Sector Bank peers, median of 19sector+1.0%+8.2% vs sector

On the reaction day the stock moved 8.9 pts more than Nifty Smallcap 250 and 8.2 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.6

10m

-0.3

15m

+0.1

30m

+0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+9.2+0.3+8.9+1.0+8.2

Next day

+7.4+0.3+7.0+0.4+6.9

+8.2-0.8+9.0+0.0+8.1

+6.3-0.8+7.1+1.2+5.1

+4.0-1.9+5.9+0.1+3.9

+1.0-4.1+5.1-1.3+2.3

-4.8-7.8+3.0-2.9-1.9

15d

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UpDownMarket · Nifty Smallcap 250Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Bandhan Bank clarified to exchanges that it has no knowledge of any negotiations with Abu Dhabi's IHC for promoter stake acquisition, contrary to a Moneycontrol news item. The stock had jumped 9.02 percent from Rs 157.35 to Rs 171.55 on the news. The bank says it has disclosed all material information and the price movement is purely market-driven, with no material impact on the bank.

Likely market impact

Denial could trigger a price pullback after the 9 percent surge on unverified reports of a stake deal.