 "Bandhan Bank soars 20% on MSCI Index entry; Gruh Fin hits 20% upper circuit")
Shares of Bandhan Bank zoomed 20 per cent to trade at Rs 608.3 per share on the BSE on Friday on reports that the private lender would be included in the MSCI Global Standard index with effect from October 16.
In a tweet, analysts at Motilal Oswal Financial Services said that the inclusion was a result of merger with HDFC-owned Gruh Finance.
Bandhan Bank is getting added MSCI index effective 16th October on effect of Gruh Finance getting merged with Bandhan Bank. #MOMarketUpdates
— Motilal Oswal Financial Services Ltd (@MotilalOswalLtd) October 11, 2019
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