Bandhan Bank share price rises more than 3% on block deals

The Bandhan Bank Action Award increased by more than 3% of Intraday on April 8 after HDFC sold 3% participation in the lender through block transactions.

The Shares of Bandhan Bank Ltd recorded a series of block block transactions on Friday with approximately 49.7 million shares or 3% participation in the bank that changes hands in group trades, Bloomberg reported.

HDFC that may have sold a partial participation in Bandhan Bank as HDFC had to sell the participation of Bandhan Bank Poster the announcement of the merger, citing cctical sources, reported CNBC-TV18.

HDFC had to end participation at less than 5% in light of the proposed merger and its outfit in Bandhan Bank to fall below 5% after 5% after the current block transaction, said sources.

Development of Housing Finance Corporation cited at 2,447.80 Rs, down 14.85 Rupees, 0.60% and Bandhan Bank cites RS 325.10, up 9.55 RS, or 3.03%. At 9:41 pm, Bandhan Bank cites 327.10 RS, up 11.55 rupees, 3.66% on BSE.

The share reached a height of 52 weeks of 364.85 Rs and 52 weeks of 229.65 rupees on April 09, 2021 and 27 December 2021, respectively. At present, it negotiates 10.35% below its height of 52 weeks and 42.43% 52 weeks.