CURRENT AFFAIRS

Detailed explanation-1: -The share exchange ratio is decided at 568:1000, which means shareholders of GRUH Finance will receive 568 shares of Bandhan Bank for every 1000 shares that they hold of GRUH Finance.

Detailed explanation-2: -HDFC, a public shareholder in Bandhan Bank, held 9.89 per cent stake in the private lender at the end of the December quarter, shareholding data with the exchange showed. Meanwhile, Societe Generale picked up over 1.9 crore shares of the bank for Rs 306.55 per piece at an estimated Rs 585 crore.

Detailed explanation-3: -New Delhi, Dec 1 (PTI) Plutus Wealth Management on Thursday acquired shares of private lender Bandhan Bank for Rs 212 crore through an open market transaction.