{
  "id": 14150915,
  "title": "Bandhan jumps 7% as Sheikh eyes a $600 mn stake",
  "url": "https://urgent.news/2026/10/13/bandhan-jumps-7-as-sheikh-eyes-a-600-mn-stake",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-13T05:01:31.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/bandhan-bank-shares-jump-7-as-abu-dhabis-ihc-explores-stake-in-promoter-bandhan-financial-services/articleshow/134908601.cms"
  },
  "original_language": "en",
  "account": "Bandhan Bank shares surged nearly 7% on Tuesday, reaching a peak of Rs 167.90 on the NSE. This surge followed reports that Abu Dhabi-based investment company IHC was in preliminary talks to acquire a stake in Bandhan Financial Services (BFSL). BFSL holds a significant 59.98% stake in Bandhan Bank, along with 97.16% of Bandhan Life Insurance Co. The move by IHC, the investment firm of Abu Dhabi's deputy ruler and national security adviser, aims to provide early-stage financial investors with an opportunity to sell stakes and offer an exit path for long-term investors like GIC of Singapore and the International Finance Corporation. BFSL's strategic investors, including Jefferies and various trusts, collectively own nearly 30.3% of the firm, valued at $500-600 million. If any shareholder opts to exit, the transaction could become even larger. BFSL's ownership of Bandhan Bank and Bandhan Life Insurance Co. further strengthens its influence.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}