Nomura India buys 83.34 lakh shares of Bandhan Bank

6 | Bandhan Bank | Private Bank | Market Cap: Rs 51,395 crore | YTD performance: Fall by 37.18 percent to Rs 319.15 as on October 20, 2020 (Image: PTI)

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On March 27, 2018 Nomura India Investment Fund Mother Fund bought 83,34,456 shares of Bandhan Bank at Rs 478.76 on the NSE.

On Tuesday, Bandhan Bank ended at Rs 476.85, up Rs 101.85, or 27.16 percent on the NSE.

The share got listed on Tuesday, ended 27 percent higher over issue price of Rs 375.

After opening at Rs 487.33 on the National Stock Exchange, the stock price touched an intraday low of Rs 455. It could not cross its pre-opening settlement price of Rs 499, the day's high, intraday.

The Rs 4,473-crore initial public offering was oversubscribed 14.6 times during March 15-19, 2018. Bandhan Bank intends to use issue proceeds for raising capital base and part exit of one of its existing shareholders IFC.