Menu
Inshorts
For the best experience use inshorts app on your smartphone
inshortsinshorts
BlackRock, Temasek buy Bandhan Bank shares as promoter sells ₹10,600 cr stake
short by Rishabh Bhatnagar / on Wednesday, 5 August, 2020
Temasek Holdings, SBI Mutual Fund, BlackRock, and Singapore's GIC bought shares in Kolkata-based Bandhan Bank as its promoter company sold around ₹10,600 crore worth of its stake. This takes Bandhan Financial Holdings' stake to 40%, which is in compliance with the RBI's target. RBI had blocked the bank's expansion after it failed to meet the target last year.
read more at Deccan Herald