Bandhan Bank receives exemption from SEBI

Bandhan Bank has received an exemption from the Securities and Exchange Board of India with respect to (i) lock-in of one year on the equity shares held by the promoter; and (ii) eligibility condition of one year from listing ; as required under regulations 36(b) and 82(b) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009, respectively, in order to comply with the requirements of RBI Licensing Guidelines for Private Sector Banks issued on February 22, 2013.

Shares of Bandhan Bank Ltd was last trading in BSE at Rs.468.85 as compared to the previous close of Rs. 470.85. The total number of shares traded during the day was 164009 in over 5011 trades.

The stock hit an intraday high of Rs. 485.65 and intraday low of 462.5. The net turnover during the day was Rs. 78030209.

Source : Equity Bulls

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