1 week Ago
Shares of RBL Bank Ltd., fell on Tuesday, April 22, after it saw a clean out trade from British International Investment, a key foreign investor, sources with knowledge of the matter told CNBC-TV18. As many as 2.
3 crore shares of the Mumbai-based private lender, amounting to 3.9% of the company's overall equity, changed hands at an average price of ₹188 per share, according to data available. Sources say that British International Investment is likely to have sold its entire 3.
8% stake through the blocks. As per the March shareholding pattern, British International Investment Plc., had a 3.
82% stake in the lender. Both foreign and domestic institutions are said to have participated in the block deal, according to the sources, who also added that Mahindra & Mahindra, who had recently acquired a 3.8% stake in the lender, did not participate in the block.
India's Mutual Funds hold a 15.27% stake in RBL Bank, led mainly by Nippon Life India and Quant Mutual Fund. Foreign Portfolio Investors also have a 14.
43% stake in the lender at the end of the March quarter. Retail shareholding, or those with an authorised share capital of up to ₹2 lakh, have a 22.15% stake in the bank.
Shares of RBL Bank opened lower but recovered from the opening lows, currently trading 1.1% lower at ₹189.87.
The stock has risen 8% in the last one month, is up 20% so far in 2025, but is down 30% from its recent 52-week high of ₹272..
