Bandhan Bank shares jumped nearly 7% on Tuesday, hitting an intraday high of Rs 167.90 on the NSE, after reports that Abu Dhabi-based IHC was among the parties in early-stage discussions to acquire a stake in the lender’s promoter, Bandhan Financial Services (BFSL).
IHC is the investment company of Sheikh Tahnoon bin Zayed Al Nahyan, Abu Dhabi’s deputy ruler and national security adviser. BFSL owns a little over a third of Bandhan Bank, according to an ET report.
