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GIC-backed Indian lender makes market debut at 27% premium

Bandhan Bank which serves under-banked and under-penetrated markets, closed at 476.85 rupees

Singapore

KOLKATA-basedprivate lender Bandhan Bank, which counts Singapore sovereign wealth fund GIC as an investor, made a market debut at a 27 per cent premium to its issue price of 375 rupees on Tuesday.

At noon, it rose as much as 33 per cent to 499 rupees, but corrected closer...

sentifi.com

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