InvestorQ : Is it a merger between Bandhan Bank & Gruh finance?
Nisha Chandani made post

Is it a merger between Bandhan Bank & Gruh finance?

Answer
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Aashna Tripathi answered.
1 year ago


Bandhan bank ltd. is an Indian banking and financial services company headquartered in Kolkata, West Bengal, India. Bandhan bank is getting acquired by a housing finance firm named Gruh Finance through a share swap deal. Gruh Finance is one of the country's largest mortgage firm HDFC Ltd., is concentrated into the financing of affordable housing segments.
According to the sources market capitalisation of Bandhan bank is Rs 59,800 Cr., and Gruh Finance is Rs 23,224 Cr.
Further latest update explains about the share-exchange i.e., the ratio amongst these boards is 568 equity shares of face value ?10 each of Bandhan Bank will be issued for every 1,000 equity shares of face value ?2 each of Gruh.