Caladium Investment Pte. Ltd., a significant shareholder, executed a sale of 1,287,431 equity shares in Bandhan Bank Limited on March 20, 2026, via the Open Market. This transaction reduced Caladium’s holding to 60,181,865 shares, translating to a final voting stake of 3.736% (down from 3.816% pre-sale). This disclosure was triggered by the cumulative effect of multiple non-reportable sales, bringing the total change above the regulatory threshold.
Significant Shareholding Change Disclosed
Caladium Investment Pte. Ltd. has formally disclosed a reduction in its shareholding in Bandhan Bank Limited, the Target Company (TC). The disclosure pertains to transactions that resulted in triggering the reporting requirement under the applicable regulations.
Prior to this specific sale event under consideration, Caladium held 61,469,296 equity shares, representing 3.816% of the total voting capital.
Details of the Acquisition/Sale Transaction
The transaction involved the sale of equity shares carrying voting rights through the Open Market Sale mechanism.
- Shares Sold: 1,287,431 equity shares carrying voting rights.
- Impact on Voting Capital: This sale reduced the percentage held by 0.080% of the total share capital and 0.078% of the total diluted share capital.
- Date of Sale: The official date of receipt of intimation for this sale was 20 March 2026.
Post-Transaction Holding Status
Following the sale, Caladium Investment’s resultant holding is detailed below:
- Shares Carrying Voting Rights: 60,181,865 equity shares.
- Percentage of Total Voting Capital: 3.736%.
- Percentage of Total Diluted Capital: 3.627%.
The acquirer, Caladium Investment Pte. Ltd., is not part of the Promoter/Promoter group of Bandhan Bank.
Capital Base Context for Calculation
The determination of percentages involved specific context regarding the bank’s evolving capital structure:
The equity share capital used as the denominator for the calculation before the sale was 1,610,971,405 equity shares (as per the Shareholding Pattern on 31 December 2025).
However, subsequent to this, Bandhan Bank disclosed on 16 March 2026 that its total paid-up equity share capital had increased to 1,610,972,314 equity shares following the allotment of stock options. For compliance with regulatory reporting, the figures utilized were based on the latest publicly available capital figures as of 16 March 2026.
For calculating the total diluted share capital after the acquisition/sale, the figure used was 1,659,097,063 equity shares (as per the 31 December 2025 pattern).
Historical Context of Disclosure
It is noted that the last disclosure by Caladium under the same regulation, dated 14 May 2025, showed a holding of 93,206,774 equity shares (5.786%). Since that time, Caladium has executed several non-reportable sales, and the current disclosure is triggered because the aggregate sold shares pushed the change beyond the reporting threshold.
The disclosure was signed by Mark Lim Tze-Han, Director, on behalf of Caladium Investment Pte. Ltd., from Singapore, dated 24 March 2026.
Source: BSE
