With Bandhan Bank shares closing at Rs468.30 on BSE on Wednesday, the bank is currently valued at Rs55,859 crore by its share price. It has even inspired a paperback, but in the wake of the Rs4,473 crore Bandhan Bank IPO, it turns out that the story is still unfolding. With Bandhan Bank shares listing at Rs499 each, thousands of people—many from humble backgrounds—have overnight turned into paper-millionaires, who can, at their will, cash their investments and take home the windfall. He argues that only these two charitable trusts should be treated as the promoters of Bandhan Bank. Their collectively holding being 40.73% in the ultimate holding company, promoters’ ownership in Bandhan Bank is in line with the guidelines of the Reserve Bank of India (RBI), he claims.

Source: Mint April 02, 2018 03:22 UTC