World Bank's IFC to offload 1.8% stake in Bandhan Bank through IPO

At present, the International Finance Corporation holds about 4.9% stake in Bandhan Bank

International Finance Corporation, a part of World Bank group, will offload about 1.8 per cent stake in the proposed initial public offering (IPO) of Bandhan Bank.

The bank has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) for its proposed IPO of around 119,280,494 equity shares having a face value of Rs 10 each.

At present, IFC holds about 4.9 per cent stake in Bandhan Bank. Notably, other investors will hold on to their stakes in the bank, informed C S Ghosh, managing director, Bandhan Bank. Some of the other investors at