The stock was in news today on account of an exit by Mahindra & Mahindra (M&M) which sold its 3.45% stake accounting for over 2.11 crore shares in the lender. The shares were sold at a price of Rs 320.65 apiece taking the deal size to Rs 678 crore.
RBL shares today ended with gains of 0.5% at Rs 325.50 amid significant volumes to the tune of 1 crore shares. The stock also hit its fresh 52 week high of Rs 332.
“…We would like to inform you that the company has today sold its entire stake in RBL Bank for a consideration of Rs 678 crore, representing a 62.5% gain on the investment,” M&M said in a regulatory filing.
Soon after the initial investment in RBL Bank, M&M managing director Anish Shah had clarified that the company did not plan to raise its holding in RBL Bank beyond 9.9% unless there was a compelling investment rationale.
“There is no intention of going further at this point. But it helps us understand the sector a lot better to enhance the value of a business that is nearly a Rs 40,000 crore market capitalisation,” Shah had said earlier.M&M’s stake sale of RBL Bank comes after a stellar run by the latter. The stock has rallied 90% over the past 12 months, outperforming benchmarks Nifty and Sensex whose returns in the said period are nearly 5%, each.The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 286.5 and Rs 224.9, respectively according o Trendlyne data.
RBL Bank reported a 20% YoY fall in its September quarter standalone net profit at Rs 179 crore versus Rs 222 crore reported in the year ago period.
For the quarter ended September 2025 (Q2FY26), RBL Bank’s net interest income (NII) was broadly in line with expectations, supported by a marginal uptick in its net interest margin (NIM), which rose by 1 basis point sequentially to 4.51% from 4.50% in the previous quarter. Growth in pre-provision operating profit (PPOP) was aided by moderation in operating expenses, but higher provisioning impacted profitability, leading to a 20% year-on-year decline in profit after tax (PAT).
Meanwhile, Emirates NBD Bank (P.J.S.C.) has proposed to launch an open offer at Rs 280 per share to acquire 26% stake in RBL Bank, the private bank informed stock exchanges. Shareholders can tender shares from December 12 until December 26, subject to Sebi approval. The total size of the open offer is fixed at Rs 11,636 crores, assuming full acceptance of the offer.
Read more: Emirates NBD proposes to launch open offer for RBL Bank stake on December 12
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