RBL Bank shares will be in focus tomorrow as a large block deal is expected to take place in trade tomorrow, as per media reports. The private equity arm of Barings, Maple BV, plans to offload a substantial portion of its holdings in the bank.
Maple BV is poised to sell 4.78 crore shares, representing its entire 7.9% stake in RBL Bank. The shares will be sold at a discount of up to 5%, amounting to a total transaction value of approximately Rs 1081 crores. The floor price for the deal is set at Rs 226 per share.
IIFL is acting as the sole broker for this deal. This transaction is described as a clean-out trade, with Maple BV exiting its investment in the bank entirely.
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RBL Bank