SBI Mutual Fund has increased its holding in private sector lender Bandhan Bank, with its stake crossing the 5 per cent threshold following an additional purchase of shares from the open market, PTI reported.
In a regulatory filing, Bandhan Bank said the final holding of SBI Mutual Fund, through its various schemes, stood at 8,12,46,734 shares as of the close of business on May 20, 2026.
The holding represented 5.0432 per cent of the bank's paid-up share capital.
According to the filing, SBI Mutual Fund purchased an additional 16,98,478 shares through the open market on May 20. The purchase price was not disclosed.
Bandhan Bank shares had closed at Rs 192.2 apiece on the BSE on May 20. On Friday, the stock was trading 1.39 per cent higher at Rs 193.80 per share.
Ready to Make a Smarter Property Decision? Build Your Legacy with TOI Homes.
The TOI Business Desk is a vigilant and dedicated team of journal...
Read MoreThe TOI Business Desk is a vigilant and dedicated team of journalists committed to delivering the latest and most relevant business news from around the world to readers of The Times of India. The primary focus of the TOI Business Desk is to keep a watchful eye on the global business landscape, covering a wide spectrum of industries, markets, economic trends, in-depth analysis, exclusive reports and breaking stories that impact businesses and economies. With a mission to provide valuable insights and updates, the desk ensures that TOI readers are well-informed about the ever-changing and dynamic world of commerce and can navigate the complexities of the business world.
Read Less
Follow Us On Social Media