India's Mahindra offloads stake worth $77.1 million in RBL Bank
06/11/2025 04:05
Nov 6 (Reuters) - India's Mahindra and Mahindra MAHM.NS has sold its entire 3.5% stake worth 6.78 billion rupees ($77.1 million) in lender RBL Bank RATB.NS, the automaker said on Thursday. The stake sale represents a 62.5% gain on the initial investment of 4.17 billion rupees, it said. ($1 = 87.8950 Indian rupees) (Reporting by Urvi Dugar in Bengaluru; Editing by Rashmi Aich) ((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
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