Bandhan Bank Limited has informed the Exchange about Approval granted by the RBI to ICICI Prudential Asset Management Company Limited, along with group entities of ICICI Bank Limited, to acquire aggregate holding of up to 9.95% of the paid-up share capital or voting rights in Bandhan Bank.
BANDHANBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bandhan Bank has informed the stock exchange that the Reserve Bank of India has approved ICICI Prudential Asset Management Company Limited and group entities of ICICI Bank Limited to acquire an aggregate holding of up to 9.95% of the paid-up share capital or voting rights in the bank. This is a significant investment by a large institutional financial group into Bandhan Bank. The 9.95% ceiling sits just below the 10% regulatory threshold that typically triggers additional disclosure and approval requirements under banking and FII norms.
A potential 9.95% acquisition by a reputed institutional investor like the ICICI group could be viewed positively by the market, signaling confidence in the bank. However, it also means a sizable block of shares changing hands, which may dilute existing shareholder influence and bring the stake close to regulatory creeping acquisition limits.