Latest Updates Around The World
Mahindra & Mahindra (M&M) is likely to sell its entire 3.5% stake in RBL Bank through a block deal worth around $78 million (₹691 crore), marking a complete exit from the private lender.The sale is scheduled for Thursday, with Kotak Securities acting as the sole broker for the transaction, insiders said. The floor price for […]
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 […]
Emirates NBD, Dubai’s largest banking group, has announced an open offer to acquire up to 26% of RBL Bank at Rs 280 per share, valuing the deal at Rs 11,636 crore. The open offer, made in accordance with Sebi rules, follows the bank’s plan to acquire a majority stake in RBL Bank through a preferential […]
Shares of Federal Bank rose as much as 3.4% to a record high of Rs 235.20 on the BSE on Monday, extending Friday’s rally after Blackstone announced a $705 million investment for a 9.9% stake in the private lender. The move positions the US private equity giant as Federal Bank’s largest shareholder and underlines the […]
RBL Bank MD and CEO R Subramaniakumar recently compared Emirates NBD Bank’s (ENBD) proposal to acquire a 60 percent stake in RBL Bank, through a primary infusion of about $3 billion (₹26,850 crore) to “bees attracted to flowers to collect nectar and pollen”. The CEO’s comment also reflects ongoing developments in the country’s fast-growing banking […]
Utkarsh Small Finance Bank plans to allot shares to a group of investors, including a fund house run by Madhusudan Kela, the Massachusetts Institute of Technology and HDFC Life, through a rights issue of Rs 949 crore, the lender said on Friday. The other investors include FLC Investco, Kotak Mahindra Life Insurance and ICICI Prudential […]
Kerala-based private lender Federal Bank on Friday approved the issuance of convertible warrants worth Rs 6,196 crore to Asia II Topco XIII, a subsidiary of private equity giant Blackstone, sending its shares up as much as 2.2% to Rs 232.25 on the BSE. The move positions Blackstone to acquire a nearly 10% stake in the […]
Muhurat Trading reflected cautious optimism compared to the dovish tone of 2024. The Sensex rose 84,600 points and the Nifty hovered around 25,900 points with most sectors in the green, led by IT, banking, auto and pharmaceutical stocks. The Nifty index is currently trading at a CY26 price-to-earnings ratio of 18x, slightly above the average […]
Indian markets showed the positive momentum, driven by better-than-expected Q2 results from major companies and festival optimism. Positive global cues further boosted investor sentiment, with US-China trade stories easing and European markets rallying, led by defense stocks. In today’s session, trading will be symbolic and short for about an hour on the occasion of Diwali. […]
Shares of Mumbai-based private lender RBL Bank rose 5% to their new 52-week high of Rs 314.65 on the BSE on Monday, October 20, following two major developments – the bank’s September quarter results and a landmark investment deal with Emirates NBD Bank. For the quarter ended September 2025 (Q2FY26), RBL Bank’s net interest income […]
