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a & Mahindra has completely exited private lender RBL Bank, offloading its entire 3.45% stake (2.11 crore shares) at ₹320.65 apiece in bulk deals on Thursday, pocketing ₹678 crore.
Big-ticket buyers included global heavyweights Abu Dhabi Investment Authority, Citigroup, Societe Generale, Goldman Sachs, Morgan Stanley and BofA Securities Europe, alongside domestic giants HSBC MF, Kotak Mahindra MF, SBI MF, HDFC Life and Aditya Birla Sun Life AMC.
RBL Bank shares closed 0.5% higher at ₹325.60 on Thursday, holding steady after a 9% spike last month on Emirates NBD’s stake-buy news.
In a separate block deal, Tiger Global’s Internet Fund III sold its full 5.09% stake in Bengaluru-based EV maker Ather Energy for ₹1,204.4 crore, marking a complete exit from the electric scooter unicorn.#WatchOutFor#StockInNews
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