UAE Investors Eye Entry Into Bandhan Bank Promoter
What Happened
IHC and First Abu Dhabi Bank are among the investors in early discussions to acquire a stake in Bandhan Financial Services (BFSL), the promoter entity of Bandhan Bank. The move could help existing investors such as GIC and IFC, which together hold about 30% of BFSL, partially or fully exit their long-held investments.
Key Takeaways
The potential deal could bring a strategic foreign investor into Bandhan's promoter group while providing an exit route for early backers and helping the group streamline its ownership structure over time.