Shares of RBL Bank Ltd slipped over 2% in early trade on Tuesday but later recovered nearly 5% from intra-day lows following a large block deal involving 2.3 crore shares — or 3.9% of the lender’s total equity — changing hands at an average price of ₹188 per share.
As of 9:48 AM, RBL Bank shares were trading at ₹189.91, down 1.1% or ₹2.12 from the previous close of ₹192.03. The stock had hit a low of ₹183.45 earlier in the session, before rebounding sharply. The stock has risen 8% over the last month and is up 20% so far in 2025, although it still remains 30% below its 52-week high of ₹272.05.
According to CNBC-TV18, British International Investment — which held a 3.82% stake in the bank as per March shareholding data — is believed to have offloaded its entire holding in Tuesday’s block deal. Both domestic and foreign institutional investors are said to have participated in the transaction.
Notably, Mahindra & Mahindra, which recently acquired a 3.8% stake in RBL Bank, did not participate in the deal, as per CNBC-TV18 sources.
Currently, mutual funds hold a 15.27% stake in the bank, led by Nippon Life India and Quant Mutual Fund, while foreign portfolio investors hold 14.43%. Retail investors, defined as those holding up to ₹2 lakh in capital, account for 22.15% of the shareholding.
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