# IHC and First Abu Dhabi Eye Bandhan Bank Stake

> Abu Dhabi firms target Bandhan Bank promoter for stake in India's financial services.
- Title: IHC and First Abu Dhabi Eye Bandhan Bank Stake | Shortify
- Summary: Abu Dhabi firms target Bandhan Bank promoter for stake in India's financial services. Abu Dhabi investment firms IHC and First Abu Dhabi Bank are exploring a…
- Keywords: ihc, first abu dhabi bank, bandhan bank, bandhan financial services, chrys capital, gic, ifc, singapore, india, abu dhabi, financial services, stake
- Source: The Economic Times — https://economictimes.indiatimes.com/industry/banking/finance/banking/ihc-first-abu-dhabi-eye-stake-in-bandhan-bank-promoter-chrys-capital/articleshow/134901875.cms
- Author: Arijit Barman and Atmadip Ray
- Published: 2026-10-13T00:00:00+00:00
- Read time: 1 min
- Topics: ihc, first abu dhabi bank, bandhan bank, bandhan financial services, chrys capital, gic, ifc, singapore, india, abu dhabi, financial services, stake
## Abu Dhabi investment company targets Bandhan promoter
IHC, the investment company of Abu Dhabi's national security adviser and deputy ruler Sheikh Tahnoon bin Zayed al-Nahyan, is among those in early-stage discussions to buy into Bandhan Financial Services, the promoter of Bandhan Bank.
## Bandhan promoter seeks strategic investors
Bandhan Financial Services, led by founder Chandra Shekhar Ghosh, has been working with advisers Jefferies to find strategic investors for 25-32% of the promoter.
## GIC and IFC hold 30.3% stake
GIC of Singapore and the International Finance Corporation (IFC) jointly hold 30.3% of Bandhan Financial Services at the end of March, seeking a full or partial exit.
## Stake value up to $600m
Their stake alone could be worth $500-600 million, with other investors including Small Industries Development Bank of India (Sidbi) at 8.1%.
## Bandhan Bank's financials
Bandhan Bank has a loan book of Rs 35,000 crore and total deposits of Rs 1.65 lakh crore with 1,988 branches and 31.8 million customers.
## Gulf investors eye Bandhan
First Abu Dhabi Bank, Qatar Investment Authority, and PE funds like Carlyle and EQT are among Gulf firms scouting for a stake in Bandhan Financial Services.
## Bandhan Bank's stock drop
Bandhan Bank's stock plunged 15% to Rs 177.50 after cutting FY27 return on assets guidance, its sharpest intraday decline since the 2020 market crash.
## UAE investment in India
The UAE is India's seventh-largest foreign direct investment source with $25 billion already invested and plans to increase to $100 billion.
## No transaction guaranteed
Discussions are at an early stage with no guarantee of a transaction, as regulatory approval remains a key factor.
## Key takeaway

Abu Dhabi investment firms IHC and First Abu Dhabi Bank are exploring a stake in Bandhan Financial Services, the promoter of India's Bandhan Bank, which owns 30% of the lender.