Bandhan Bank currently commands a market value of around ₹63,000 crore, while Gruh Finance has a market cap of around ₹23,000 crore. Bandhan Bank currently commands a market value of around ₹63,000 crore, while Gruh Finance has a market cap of around ₹23,000 crore. The six-month volume weighted average prices of Bandhan Bank and Gruh Finance are at ₹528.61 and ₹318.50, respectively, on BSE. Given that Bandhan Financial’s stake is still above the RBI-stipulated 40% norm, it will have to take more steps to cut its ownership in Bandhan Bank. On 22 December, The Times of India reported that Bandhan Bank and HDFC are in discussions for a possible merger between Bandhan and Gruh Finance.

Source: Mint January 07, 2019 01:52 UTC