Caladium Investment Reduces Shareholding in Bandhan Bank to 3.736% Through Open Market Sale
Caladium Investment Pte. Ltd. has reduced its stake in Bandhan Bank Limited from 3.816% to 3.736% by selling 1,287,431 equity shares through open market transactions on 20 March 2026. The disclosure was made under SEBI SAST Regulations following the bank's updated share capital of 1,610,972,314 shares after stock option allotments. This represents the Singapore-based firm's continued reduction from its previous 5.786% holding disclosed in May 2025.

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Caladium Investment Pte. Ltd., a Singapore-based investment entity, has reduced its shareholding in Bandhan Bank Limited through open market transactions, as disclosed under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011.
Transaction Details
The investment firm sold 1,287,431 equity shares of Bandhan Bank on 20 March 2026 through open market sale transactions. This sale represents 0.080% of the bank's total share capital and 0.078% of its diluted share capital.
| Transaction Parameter: | Details |
|---|---|
| Shares Sold: | 1,287,431 equity shares |
| Transaction Date: | 20 March 2026 |
| Mode of Sale: | Open Market Sale |
| Percentage Sold: | 0.080% of total share capital |
Shareholding Changes
Following the transaction, Caladium Investment's shareholding in Bandhan Bank has been reduced from 3.816% to 3.736% of the bank's total share capital.
| Shareholding Position: | Before Transaction | After Transaction | Change |
|---|---|---|---|
| Number of Shares: | 61,469,296 | 60,181,865 | -1,287,431 |
| % of Total Share Capital: | 3.816% | 3.736% | -0.080% |
| % of Diluted Capital: | 3.705% | 3.627% | -0.078% |
Bank's Updated Share Capital
The disclosure was made based on Bandhan Bank's updated equity share capital structure. On 16 March 2026, the bank disclosed that its total paid-up equity share capital had increased to 1,610,972,314 equity shares, following the allotment of stock options to eligible holders under the Bandhan Bank Employee Stock Option Plan Series 1.
The bank's total diluted share capital stands at 1,659,097,063 equity shares as per the shareholding pattern dated 31 December 2025.
Regulatory Compliance
Caladium Investment clarified that since its last disclosure on 14 May 2025, when it held 93,206,774 equity shares (5.786%) of Bandhan Bank, it has sold equity shares in multiple non-reportable tranches. The current disclosure was triggered when the aggregate sales reached the threshold requiring disclosure under Regulation 29(2) of the SAST Regulations.
The disclosure document was signed by Mark Lim Tze-Han, Director of Caladium Investment Pte. Ltd., on 24 March 2026 in Singapore. Caladium Investment is not part of the promoter or promoter group of Bandhan Bank, and the bank's shares are listed on both the National Stock Exchange of India Limited and BSE Limited.
Historical Stock Returns for Bandhan Bank
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.94% | -8.92% | -18.58% | -5.32% | +0.76% | -57.45% |
Will Caladium Investment continue reducing its stake below the 3% threshold to avoid future disclosure requirements?
How might this institutional selling pressure affect Bandhan Bank's stock price and market sentiment in the coming quarters?
What strategic factors could be driving Caladium's gradual exit from Bandhan Bank since May 2025?


































