M&M buys 3.5% stake in RBL Bank for Rs 417 crore; may raise stake further

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MUMBAI - Mahindra & Mahindra Ltd has acquired a 3.53% stake in RBL Bank for Rs 417 crore, the automaker said in an exchange filing...

We may consider further investment subject to pricing, regulatory approvals and required procedures..

News reports during the day had said that Mahindra Groups flagship company had bought some stake in the private sector lender..

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Full story at Economic Times | 

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