RBL Bank share price fell by 0.90% on Tuesday, April 22 on 10.20 AM. As per news reports, British International Investment (BII), a prominent foreign investor, has executed a clean-out trade in RBL Bank. It has likely sold its entire 3.8% stake in the Mumbai-based private sector bank. At 10.20 AM, the stock was trading at ₹190.30.
Approximately 2.3 crore shares, accounting for 3.9% of the bank’s total equity, were traded at an average price of ₹188 per share. This suggests that BII, which held a 3.82% stake in RBL Bank as per the March quarter shareholding pattern, has exited its position through this transaction.
Both foreign and domestic institutional investors are reported to have taken part in the block deal. However, Mahindra & Mahindra, which had recently acquired a 3.8% stake in RBL Bank, did not participate in this transaction, according to the same sources.
As of the end of March, Mutual Funds held a 15.27% stake in the lender, led by Nippon Life India and Quant Mutual Fund. Foreign Portfolio Investors (FPIs) owned 14.43%, while retail investors, defined as those with an investment of up to ₹2 lakh, controlled 22.15% of the company’s shares.
The stock opened lower following the news but managed to recover from its early losses. It was last seen trading at ₹189.87, down 1.1% on the day. Despite the dip, RBL Bank’s stock has risen 8% in the last month and is up 20% in 2025 so far. However, it remains 30% below its 52-week high of ₹272.
The exit of a key foreign investor like BII has brought renewed attention to institutional activity in RBL Bank. While the long-term outlook for the bank remains optimistic given its recent stock performance, investors may watch for further institutional realignments and their impact on stock dynamics.
Read more on: BSE Board to Meet on May 6 to Consider FY25 Results, Dividend; Bonus Issue Record Date Awaited
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Published on: Apr 22, 2025, 11:07 AM IST
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