Bandhan Bank surges 20% after addition to MSCI Index
The inclusion in the MSCi Index is due to Gruh Finance's merger with Bandhan Bank.Intra-day, Bandhan Bank gained 20% to hit a high of ₹608.30 on the BSE, while Gruh Finance rose 20% to ₹327.30
Mumbai: Shares of Kolkata-based Bandhan Bank Ltd on Friday surged 20% amid reports that the the lender will be added in the MSCI Index with effect from 16 October.
According to Motila Oswal Financial Services, this is due to Gruh Finance's merger with Bandha
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