Archive · 7 Nov 2025
Mahindra Sells Entire RBL Bank Stake for Rs 678 Crore
Mahindra & Mahindra, a big company, had bought a small piece of RBL Bank, which is a bank.
They bought it a while ago as a way to invest their extra money.
Recently, they decided to sell that whole piece back.
They sold it for more money than they paid, making a good profit.
Other big investment companies bought the piece from Mahindra.
Mahindra & Mahindra (M&M) sold its entire stake in RBL Bank.
The sale was for Rs 678 crore, resulting in a 62.5% gain on investment.
M&M had initially acquired the stake for Rs 417 crore on July 26, 2023.
The stake sold represented 3.53% of RBL Bank's shares.
Various mutual funds and financial institutions were among the buyers.
- Who
- Mahindra & Mahindra (M&M)
- What
- Sold its entire 3.53% stake in RBL Bank for Rs 678 crore
- When
- Thursday
- Where
- NSE (National Stock Exchange)
- Why
- Treasury investment, realized a 62.5% gain
- Seller
- Mahindra & Mahindra (M&M)
- Asset Sold
- Entire stake in RBL Bank (3.53% or 2.11 crore shares)
- Sale Consideration
- Rs 678 crore
- Investment Gain
- 62.5%
- Purchase Date
- July 26, 2023
- Purchase Cost
- Rs 417 crore
- Average Sale Price
- Rs 320.65 per share