Bandhan Financial Services exploring exit options for long-term investors. The promoter of Bandhan Bank has engaged Jefferies to gauge interest from private equity funds in acquiring stakes held by GIC Ventures and International Finance Corp. The board discussed two routes: selling shares to private equity investors or launching an IPO, with a June deadline set for private stake sale decisions. This move aligns with regulatory requirements to reduce promoter stake to 26% by 2030, currently at nearly 40%. The timing is significant as Bandhan Bank's microfinance business shows recovery after asset quality stress. BFSL's nine-month net profit is projected at 285 crore rupees, substantially higher than FY25's 104 crore, signaling improved financial performance and potentially stronger valuations for investors seeking exit opportunities.
Post from MarketNews_en
Log in to interact with content.