Description

Bandhan Bank Limited clarifies it is unaware of any sale or block deal negotiations as reported by NDTV Profit on March 09, 2026, and attributes scrip price decline of 5.9% to market conditions.

Summary

Bandhan Bank Limited (BSE: 541153, NSE: BANDHANBNK) has issued a clarification under Regulation 30 of SEBI LODR in response to a news article published by NDTV Profit on March 09, 2026, captioned “Bandhan Bank May Be Put On The Block As MFI Cycle Improves: Sources”. The Bank denies any knowledge of sale negotiations and states that the 5.9% decline in its scrip price (from Rs. 182.95 to Rs. 172.15) is purely market-driven.

Key Points

  • News article in NDTV Profit dated March 09, 2026 speculated that Bandhan Bank may be put on the block as the MFI (Microfinance Institution) cycle improves.
  • The Bank’s scrip fell 5.9% on March 09, 2026, from Rs. 182.95 to Rs. 172.15, prompting BSE and NSE to seek clarification.
  • Bandhan Bank clarifies it is not aware of any sale or block deal negotiations and has received no communication in this regard.
  • The Bank states it has not withheld any material information and has no impending announcements that could explain the price movement.
  • The Bank is also unaware of any related regulatory or legal proceedings.
  • The Bank attributes the price movement entirely to market conditions beyond its control.

Regulatory Changes

No regulatory changes. This is a clarification filing under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Filing made as required under Regulation 30 of SEBI LODR in response to exchange queries on price/volume movement.
  • Disclosure simultaneously uploaded to the Bank’s website (www.bandhan.bank.in) as per compliance norms.

Important Dates

  • March 09, 2026: NDTV Profit news article published; scrip declined 5.9%; clarification issued by Bandhan Bank to BSE and NSE.

Impact Assessment

The clarification is stock-specific and directly relevant to investors in Bandhan Bank. The 5.9% intraday decline signals significant market sensitivity to acquisition/sale rumours. The Bank’s denial of any such development may provide partial reassurance, but the market reaction underscores investor concern about the Bank’s strategic direction amid the MFI sector cycle. No broader market or regulatory impact is anticipated.

Impact Justification

Stock-specific disclosure clarifying market rumours of a potential sale; notable due to 5.9% intraday price drop, but bank denies any awareness of such development.