The Exchange has sought clarification from Bandhan Bank Limited with respect to recent news item captioned Bandhan Bank stock falls 10% to hit lower circuit, as promoter explores stake sale, IPO to facilitate investor exits. The response from the Company is attached.
BANDHANBNK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Bandhan Bank responded to exchange queries about a Moneycontrol news item suggesting the promoter is exploring a stake sale and an IPO to help investors exit. The stock fell 12.22% on March 16, 2026, from Rs. 175.60 to Rs. 154.15, hitting the lower circuit. The bank stated it is not aware of any such negotiations and has not received any communication about a promoter stake sale. It confirmed that no material information has been withheld and there is no pending announcement. The bank attributed the price movement to market conditions and said there is no material impact from the news article.
The bank has denied the substance of the news, but the 12% price drop signals negative market sentiment and uncertainty. Investors should watch for any follow-up clarification or actual announcement regarding promoter holdings, as the bank's denial may not fully calm the market if speculation continues.