Mahindra & Mahindra sells entire stake in RBL Bank
The company has sold its entire stake for a consideration of Rs 678 crore
Mahindra & Mahindra has sold its entire stake in RBL Bank for a consideration of Rs 678 crore representing a 62.5% gain on the investment.
In July 2023, the company had acquired 3.53% stake in RBL Bank as a treasury investment at a cost of Rs 417 crore.
Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.
