Bandhan Bank gets Sebi exemption on founder's share lock-in

The bank has received an exemption from the Securities and Exchange Board of India with respect to the lock-in of one year on equity shares held by the promoter.

Oct 12, 2018 10:10 IST India Infoline News Service

Bandhan Bank has received an exemption from the Securities and Exchange Board of India (Sebi) with respect to the lock-in of one year on equity shares held by the promoter.

The announcement was made after market hours today.

The bank said in the filing, “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.”

Bandhan Bank Ltd ended at Rs468.85 down by 0.42% from its previous closing of Rs470.85 on the BSE.

The scrip opened at Rs475.10 and has touched a high and low of Rs485.65 and Rs462.50 respectively.

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