Shares of Bandhan Bank fall 10% to hit lower circuit

Shares of Bandhan Bank fell 10% on Monday, hitting the lower circuit of ₹158.05. This comes after a report claimed its promoter, Bandhan Financial Services, is exploring options like IPO to facilitate exits for long-term investors. However, bank said it is not aware of any such development and movement in the price of scrip is purely due to market conditions.