Mumbai, Oct. 13 -- Abu Dhabi-based International Holding Company (IHC) and First Abu Dhabi Bank are reportedly in early-stage discussions to acquire a stake in the promoter entity.

Bandhan Financial Services is reportedly exploring the sale of a 25%-32% stake to strategic investors. The proposed transaction could provide an exit route for existing investors, including Singapore's GIC and the International Finance Corporation (IFC), which together hold a 30.3% stake in the promoter entity.

The stake held by GIC and IFC is estimated to be worth $500 million-$600 million. Bandhan Financial Services is reportedly working with Jefferies as an adviser for the proposed transaction.

The discussions are at an early stage, and no definitive agre...