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Bandhan Bank Ltd.’s main shareholder Bandhan Financial Holdings is selling 337.Four million shares in the Indian lender in a block trade in search of to lift $1.Four billion, in response to deal groups obtained by Bloomberg News.
Those shares are provided at a ground value of ₹311.1 ($4.16) every, in response to the phrases. Books will shut by 11:30 pm in Hong Kong on Aug. 2. and buying and selling will begin on Aug. 3.
Credit Suisse Securities (India) Private Limited, J.P. Morgan India Private Limited, Goldman Sachs (India) Securities Private Limited and JM Financial Institutional Securities Limited are joint bookrunners for the deal.
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