Singapore’s Caladium Investment has raised its stake in Bandhan Bank by 1.1% from 3.39% to 4.49%. Caladium Investment PTE Ltd will now hold 7.2 crore shares of Bandhan Bank.
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Caladium Investment raised its stake in Bandhan Bank through secondary market operations during the January-March period. The move shows the confidence in micro-lending business model of the bank, which posted a 120.85% year-on-year increase in the net profit at Rs 731 crore for the December 2019 quarter compared with Rs 331 crore in the same quarter in 2018.
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