BNP Paribas buys 2% stake in RBL Bank for INR 3.87 bln via bulk deal on NSE
This story was originally published at 20:28 IST on 20 October 2025
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MUMBAI – BNP Paribas Financial Markets has bought 12.19 million shares, or around 2% stake, in RBL Bank Ltd. at INR 317.85 apiece, aggregating to INR 3.87 billion, through a bulk deal on the National Stock Exchange. The buyer is neither a promoter or promoter-group member nor public shareholder of the bank, according to data available on the NSE website.
Saturday, RBL Bank reported a net profit of INR 1.78 billion for the September quarter on a total income of INR 44.40 billion. It also announced that United Arab Emirates-based Emirates NBD Bank will buy 415.59 million shares, or 26% stake, in the domestic bank through an open offer for INR 280 per share, aggregating to INR 116.36 billion, after the RBL Bank board agreed to sell 60% stake to the foreign lender through a preferential issue of shares. Monday, RBL Bank's shares closed over 9% higher at INR 326.65 on the National Stock Exchange. End
Reported by Arya S. Biju
Edited by Rajeev Pai
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