Key Points
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..
For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)..
You might be interested in
M&M acquires 3.53% stake in RBL Bank for Rs 417 cr
26, Jul, 23'We may consider further investment subject to pricing, regulatory approvals and required procedures but won't exceed 9.9%,' says M&M
M&M shares plunge 7% on plans to own 10% stake in RBL Bank
27, Jul, 23In a post-market hour filing to exchanges on Wednesday, M&M said it has acquired a 3.53% stake in RBL Bank at a cost of Rs 417 crore and may consider further investment subject to pricing, regulatory approvals and required procedures.
Feroze Gandhi speech that exposed LIC scam—it forced Nehru to order inquiry, FM to resign
24, Mar, 24On 16 December 1957, Lok Sabha MP Feroze Gandhi spoke how the Life Insurance Corporation invested nearly Rs 1.25 crore to help Calcutta-based stock speculator Haridas Mundhra who was in financial difficulties.
India's Mahindra and Mahindra shares slump after RBL Bank stake buy stirs concern
27, Jul, 23Vinit Bolinjkar on why Mahindras are picking stake in RBL
06, Aug, 23Anand Mahindra's views on RBL Bank's financial sector and risk factors motivated the Mahindra Group to acquire a 3% stake in RBL Bank. The move is less of an investment and more of strategic interest in the company's strong franchise, according to Vinit Bolinjkar, head of equity research for Ventura Securities.
Mahindra & Mahindra shares fall 4% as promoter group sells 0.9% stake
07, Mar, 24Mahindra and Mahindra fell over 4 per cent to Rs 1,886.75 apiece on the Bombay Stock Exchange (BSE) at 10:48 am.