IHC, First Abu Dhabi Explore Stake in Bandhan Bank Promoter BFSL
International Holding Company and First Abu Dhabi Bank are among the potential investors evaluating a stake in Bandhan Financial Services, the promoter entity of Bandhan Bank, according to people familiar with the matter. Early backers GIC and IFC, which jointly hold about 30% in BFSL, are seeking an exit, while Bandhan has been working with Jefferies to identify strategic investors for a 25% to 32% sale.
