BofA Securities Buys 1% Stake in RBL Bank

BofA Securities, a company based in the US, bought a small part of RBL Bank, which is a private bank in India.

They bought this part from another company called BNP Paribas Financial Markets.

They bought 60 lakh shares, which is about 1% of the bank.

They paid about ₹178 crore for these shares.

The price for each share was ₹296.

At the same time, BNP Paribas also bought the same number of shares at the same price.

The value of RBL Bank's shares went up a little bit that day.

There were also other big companies buying and selling shares of different companies on the same day.