Bandhan Financial Services, the promoter of Bandhan Bank, is implementing a gradual approach to reduce its shareholding to comply with regulatory requirements. According to reports from The Economic Times, the promoter plans to offload stakes in small bouts rather than through a bulk sale to meet the 26% stake requirement by 2030. Chairman Chandra Shekhar Ghosh stated there is sufficient time and the company has no plans for a bulk offloading in one go. The strategy aligns with the bank's licensing agreement with the Reserve Bank of India requiring the promoter to reduce its stake to 26% by 2030.
The promoter's shareholding in Bandhan Bank has been gradually reduced from 38.98% in March 2026 to 37.54% as of end June 2026. As reported by The Economic Times, the recent share sales likely occurred on the open market, with the holding having been 39.74% at the end of 2025. This gradual reduction aligns with the bank's licensing agreement with the Reserve Bank of India requiring the promoter to reduce its stake to 26% by 2030.
According to The Economic Times, Bandhan Financial Services operates primarily as an investment management company with two main subsidiaries - Bandhan Financial Holdings and Bandhan Technologies. The holding company structure includes Bandhan Bank, Bandhan AMC, Bandhan Mutual Fund Trustee, Bandhan Investment Managers (Mauritius), and Bandhan Life Insurance. As of March 31, 2026, the promoter owned 59.98% in Bandhan AMC and 97.16% in Bandhan Life Insurance Company.
The promoter has proposed a stock split to enhance the company's attractiveness to retail investors. As reported by The Economic Times, the plan involves dividing each existing equity share of face value ₹10 into five shares having a face value of ₹2 each. This stock split will be reviewed by shareholders at the annual general meeting scheduled for September 22. The stock split is expected to help the company when going public, making the share price more attractive for retail investors.
