IHC and First Abu Dhabi eye Bandhan stake
In short
IHC and First Abu Dhabi are said to be looking at a stake in Bandhan Financial Services, the promoter of Bandhan Bank. The report says Jefferies is helping find strategic investors for 25% to 32%, and that GIC and IFC together hold 30% and want to exit.
This matters because a change in ownership could affect Bandhan’s control structure. But it is not clear if any buyer will actually step in or what the deal terms would be.
What the reporting says
IHC and First Abu Dhabi are reported to be eyeing a stake in Bandhan Bank promoter Bandhan Financial Services, with advisers Jefferies working to find strategic investors for 25% to 32%. The summary says early investors GIC and IFC jointly hold 30% and are keen to exit, and that private equity funds have also been tapped. What remains unknown is whether any deal will be agreed or at what price.
Why it matters
IHC and First Abu Dhabi are reported to be exploring a stake in Bandhan Financial Services, which is tied to Bandhan Bank’s promoter structure. The source says Jefferies is helping look for strategic investors for 25% to 32%, while GIC and IFC jointly hold 30% and are keen to exit. The potential change matters for Bandhan Bank-linked ownership, but the reporting does not confirm a transaction, valuation or timeline.