Bandhan Bank issued a formal clarification on March 16, 2026, addressing market speculation concerning a promoter stake sale that led to a significant drop in its stock price. The Bank stated it is not aware of any such development, negotiations, or pending announcements that would explain the -12.22% trading movement. The management confirmed that all price-sensitive information has been disclosed previously, attributing the recent trading volatility purely to market conditions.
Official Response to Market Speculation
Bandhan Bank Limited has issued a comprehensive clarification on the news item published by moneycontrol.com on March 16, 2026. The article suggested that the promoter was exploring a stake sale, coinciding with a sharp decline in the Bank’s scrip price by -12.22%, dropping from Rs. 175.60 to Rs 154.15.
Status of Alleged Negotiations
In response to the query regarding ongoing negotiations for a stake sale, the Bank definitively clarified that it is not aware of any such development. Furthermore, the Bank confirmed it has not received any communication regarding this matter. Consequently, the management stated it is not in a position to comment on the accuracy of the published news item.
Disclosure Compliance and Market Movement
Regarding any unannounced information that might explain the trading movement, the Bank affirmed that it has consistently furnished all necessary price-sensitive information and events impacting its operation and performance to the Exchanges from time to time. The Bank explicitly stated that it has neither withheld disclosure of material information nor is there any impending announcement that could influence price or volume behavior.
The management concluded that the decrease and movement in the Bank’s scrip price are understood to be purely due to market conditions and are market-driven, over which the Bank has no control. The Bank also confirmed that there are no regulatory or legal proceedings in this regard and the article has no material impact on the Company.
Source: BSE
