India's Mahindra offloads stake worth $77.1 million in RBL Bank

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;))