January 1, 2018 / 7:43 AM / 19 days ago

India's Bandhan Bank to offer about 119 mln shares in IPO

Jan 1 (Reuters) - India’s Bandhan Bank Ltd will offer about 119.3 million shares under its initial public offering, according to a public filing on Monday.

The Kolkata-based bank, which is owned by Bandhan Financial Holdings Ltd, said the IPO will comprise a fresh issue of up to 97.7 million shares, while selling shareholders are offering up to 21.6 million shares. bit.ly/2CkAFNh

Kotak Mahindra Capital, Axis Capital, Goldman Sachs (India) Securities, JM Financial Institutional Securities and J.P. Morgan India are the lead book running managers of the IPO. (Reporting by Krishna V Kurup in Bengaluru; Editing by Biju Dwarakanath)

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