Bandhan Bank Ltd. has denied reports of a potential acquisition by First Abu Dhabi bank in a clarification issued via an exchange filing on Tuesday.
In regards to reports claiming that one of the Indian banks that Abu Dhabi First Bank is looking to acquire is Bandhan Bank, the bank said it is not involved in any such discussion.
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Further, it called article "factually incorrect", categorically refuting the reported speculation regarding any acquisition related discussions or proposal involving Bandhan Bank and First Abu Dhabi Bank.
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"Bandhan Bank wishes to clarify that it is not involved in any such discussion and the reference of the Bank in the abovementioned article is factually incorrect. The Bank categorically denies the reported speculation regarding any acquisition related discussions or proposal involving Bandhan Bank and First Abu Dhabi Bank," the filing stated.
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