简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
India's Mahindra & Mahindra picks up 3.53% stake in RBL Bank for $51 million
Sommario：BENGALURU, July 26 (Reuters) - Indian tech-to-tractor conglomerate Mahindra & Mahindra (MAHM.NS) on
BENGALURU, July 26 (Reuters) - Indian tech-to-tractor conglomerate Mahindra & Mahindra (MAHM.NS) on Wednesday said it bought a 3.53% stake in private lender RBL Bank (RATB.NS) for 4.17 billion rupees ($50.8 million).
The company might consider further investment in the lender subject to pricing, regulatory approvals and required procedures, Mahindra said, adding that the investment will not exceed a 9.9% stake.
Multiple block deals were seen in RBL Bank on Wednesday and the stock ended up 7.1%.
In a separate statement, RBL said it was not aware of any stock purchase by Mahindra.
Mahindra already owns non-banking financial company Mahindra and Mahindra Financial (MMFS.NS).
An approval from the Reserve Bank of India is needed to acquire a 5% stake in any Indian lender.
(This story has been corrected to add the dropped word bought in paragraph 1)
($1 = 82.0473 Indian rupees)
Disclaimer:
Le opinioni di questo articolo rappresentano solo le opinioni personali dell’autore e non costituiscono consulenza in materia di investimenti per questa piattaforma. La piattaforma non garantisce l’accuratezza, la completezza e la tempestività delle informazioni relative all’articolo, né è responsabile delle perdite causate dall’uso o dall’affidamento delle informazioni relative all’articolo.
WikiFX Trader
OANDA
Tickmill
GO MARKETS
IQ Option
Pepperstone
FxPro
OANDA
Tickmill
GO MARKETS
IQ Option
Pepperstone
FxPro
WikiFX Trader
OANDA
Tickmill
GO MARKETS
IQ Option
Pepperstone
FxPro
OANDA
Tickmill
GO MARKETS
IQ Option
Pepperstone
FxPro
Rate Calc
