Bank says it is unaware of reported promoter stake talks; sees no material impact from news article
The Bank has replied to BSE and NSE queries on a news report that Abu Dhabi's IHC is exploring an acquisition of the promoter stake.
By ScoutQuest · · 2 min read
- Price Movement
- 9.02% on October 13, 2026
- Price Range
- Rs. 157.35 to Rs 171.55
- Company Stance
- No material impact of the article on the Bank
What this update is
This is a clarification the Bank sent to BSE and NSE after a news report said Abu Dhabi's IHC was exploring an acquisition of the promoter stake, and after the scrip price moved sharply. The exchanges sought a rumour verification and the Bank answered point by point.
The news item it refers to
- A report on moneycontrol.com dated October 13, 2026, captioned "Bandhan Bank stock jumps 7% on reports of Abu Dhabi's IHC exploring promoter stake acquisition".
- The update also records that the scrip moved by 9.02% on October 13, 2026, from Rs. 157.35 to Rs 171.55.
What the Bank says
- On whether negotiations were taking place: the Bank says it is not aware of any such development and has not received any communication in this regard. Being unaware, it says it is not in a position to comment on the correctness of the news item.
- On undisclosed price-sensitive information: the Bank says it has furnished to the exchanges, from time to time, all events and information it considers material for the Bank, and that it has not withheld any material information or event.
- On regulatory or legal proceedings: the Bank says it is unaware of any in this regard.
- On material impact: the Bank states there is no material impact of the article on the Bank.
- The Bank attributes the movement in the scrip price to market conditions, describing it as market driven, on which it has no control.
The numbers cited
- Price movement recorded: 9.02% on October 13, 2026.
- Prices recorded: Rs. 157.35 and Rs 171.55.
- The 7% jump figure appears in the caption of the news article quoted in the update.
How to read this
This is a company's formal response to a market rumour rather than an announcement of a transaction. The Bank's response is limited to saying it is not aware of the development, has received no communication on it, is unaware of any regulatory or legal proceedings in this regard, and sees no material impact of the article on the Bank. It also states that it has intimated the exchanges, from time to time, all events and information it considers material.
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More numbers
- Movement in scrip price recorded in the update9.02%
- Price the scrip moved fromRs. 157.35
- Price the scrip moved toRs 171.55
- Jump figure in the news article caption quoted in the update7%
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