Kolkata-based Bandhan Bank is launching an initial public offer (IPO) of Rs 4,473 crore on March 15. The price band of the IPO has been finalised at Rs 370 to Rs 375 per share. The bank will issue 11.93 crore shares of face value of Rs 10 each, which is 10% post issue share capital of the bank. Besides this, the bank will also issue fresh 9.77 crore equity shares and offer for sale of up to 2.16 crore shares. Bandhan Financial Holdings owns 89.76% stake in the bank and post the IPO, the stake will come down to 82%.

Source: dna March 09, 2018 00:50 UTC