Newsletter
Mahindra & Mahindra (M&M) sold its entire stake of 3.5% worth $78 million from RBL Bank via a block deal.
The deets: the deal marks a complete exit for M&M from the bank. Earlier the company bought their stake at ₹417 crore and now are exiting at around 60% profit of ₹691 crore.
Background: this development comes just weeks after UAE’s leading bank, Emirates NBD, entered advanced talks to acquire a nearly 60% stake in the company, valued at around $3 billion.
The move marks a significant milestone in India’s banking history, being among the first major direct foreign investments in a sector that has long been tightly regulated.
Going ahead: as RBL reported a 20% year-on-year decline in profits for the second quarter of FY26, such deals could help strengthen its financial position and attract more strategic partnerships within the sector.
