Mahindra sells entire stake in RBL Bank for Rs 678 crore

Mahindra Bags 62.5% Profit: Sells Entire RBL Bank Stake for ₹678 Crore

New Delhi: Mahindra & Mahindra (M&M) on Thursday announced that it has sold its entire 3.53% stake in RBL Bank for ₹678 crore, marking a 62.5% gain on its initial investment.

On July 26, 2023, the Mumbai-based diversified company had acquired a 3.53% stake in RBL Bank as a treasury investment for ₹417 crore.

“In furtherance to the above, we would like to inform you that the company has today sold its entire stake in RBL Bank for a consideration of ₹678 crore, representing a 62.5% gain on the investment,” M&M said in a regulatory filing.

According to block deal data available on the National Stock Exchange (NSE), M&M offloaded 2.11 crore shares (2,11,43,000), equivalent to a 3.45% stake in RBL Bank. The transaction, valued at around ₹677.95 crore, was executed at an average price of ₹320.65 per share.

As of the September quarter, M&M held a 3.45% stake in RBL Bank, according to BSE shareholding data.

Among the key buyers were Aditya Birla Sun Life Mutual Fund, SBI Mutual Fund, Kotak Mahindra Mutual Fund, HSBC Mutual Fund, HDFC Standard Life Insurance Company, Citigroup Global Markets Mauritius, BofA Securities, Goldman Sachs, Morgan Stanley, Societe Generale, and the Abu Dhabi Investment Authority.

RBL Bank’s shares rose 0.51%, closing at ₹325.50 per share on the NSE.

Meanwhile, RBL Bank reported a 16% rise in its net profit, reaching ₹160 crore for the second quarter ended September 2025, compared to ₹138 crore in the same period last year. The bank’s total income increased to ₹1,458 crore from ₹1,064 crore during the same quarter of the previous year, according to its regulatory filing.