SBI Mutual Fund has increased its stake in private sector lender Bandhan Bank, crossing the 5 percent threshold after purchasing additional shares from the open market, according to a report by PTI.
Regulatory Filing Details
In a regulatory filing, Bandhan Bank disclosed that SBI Mutual Fund, through its various schemes, held 8,12,46,734 shares as of the close of business on May 20, 2026. This holding represents 5.0432 percent of the bank's paid-up share capital.
The filing further revealed that SBI Mutual Fund acquired an additional 16,98,478 shares via open market transactions on May 20. The purchase price was not disclosed in the filing.
Stock Performance
Bandhan Bank shares closed at Rs 192.2 apiece on the BSE on May 20. On Friday, the stock traded 1.39 percent higher at Rs 193.80 per share.
This development highlights the mutual fund's growing confidence in the bank's prospects. The increase in stake comes amid a period of market activity for the lender, which has been focusing on expanding its footprint and improving financial metrics.
