M&M to offload 3.45% stake in RBL Bank for ₹682 crore
after close1 source ↓written by the desknot a recommendation
- in RBL Bank
- 3.45% stake
- valued
- ₹682 crore
- floor price
- ₹317 per share
- to the last
- 2.1% discount
Mahindra & Mahindra Ltd. is set to sell a 3.45% stake in RBL Bank, valued at ₹682 crore. The block deal will occur at a floor price of ₹317 per share, reflecting a 2.1% discount to the last closing price. This transaction may impact market sentiment around RBL Bank shares.
• Stake sale value: ₹682 crore
• Stake percentage: 3.45%
• Floor price: ₹317 per share
Traders should monitor RBL Bank's stock movement closely following this announcement.
Not investment advice. For informational purposes only.