Bulk deal with RBL Bank: Societe Generale buys shares worth Rs 101 crore

French multinational bank Societe Generale on Thursday bought over 31.61 lakh shares worth Rs 101 crore in RBL Bank in a bulk deal. The shares were bought at a price of Rs 320.65 each, which was a discount of 1% to the last closing price of Rs 323.85 on the NSE.The stock was in news today due to 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 each, taking the deal size to Rs 678 crore.

RBL shares ended today with a gain of 0.5% at Rs 325.50, amid significant volumes worth 1 crore shares. The stock also hit its new 52-week high of Rs 332.”…We would like to inform you that the company today sold its entire stake in RBL Bank for an amount of Rs 678 crore, representing a 62.5% gain on the investment,” M&M said in a filing with the regulator.

Soon after the initial investment in RBL Bank, M&M managing director Anish Shah had made it clear that the company had no intention of increasing its stake in RBL Bank beyond 9.9% unless there was a compelling investment reason.

“There is no intention to go further at this point. But it will help us understand the industry much better and thus increase the value of a company with a market capitalization of almost Rs 40,000 crore,” Shah had said earlier. M&M’s stake sale in RBL Bank comes after the latter’s stellar run. The stock has risen 90% in the past twelve months, outperforming the benchmarks Nifty and Sensex, whose returns are close to 5% each in the said period. 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 to Trendlyne data.

RBL Bank reported a 20% year-on-year decline in standalone net profit in the September quarter at Rs 179 crore, compared to 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 increase in net interest margin (NIM), which rose 1 basis point sequentially to 4.51%, compared to 4.50% in the previous quarter. Operating profit before provisions (PPOP) growth was helped by a moderation in operating costs, but higher provisions impacted profitability, leading to a 20% year-on-year decline in profit after tax (PAT).

Meanwhile, Emirates NBD Bank (PJSC) has proposed to make an open offer of Rs 280 per share to acquire 26% stake in RBL Bank, the private bank informed exchanges. Shareholders can tender shares from December 12 to 26, subject to approval by Sebi. The total size of the open offer has been pegged at Rs 11,636 crores, assuming the offer is accepted in full.

Read more: Emirates NBD proposes to make an open offer for RBL Bank’s stake on December 12

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