Swedish PE firm EQT sells entire holding in RBL Bank for Rs 1,091 crore via bulk deal

Swedish private equity firm EQT AB sold its entire 7.89% stake in RBL Bank, amounting to 4.78 crore shares, in a bulk deal worth ₹1,091.15 crore on the BSE. The shares, sold through its entity Maple II B V at ₹228.08 per share, were acquired by Mo...

By ET Bureau | Jul 26, 2024, 07.35 AM IST

EQT AB has offloaded its entire stake in RBL Bank in a bulk deal worth 1,091.15 crore on the BSE on Thursday. The Swedish private equity firm, which held a 7.89% stake in the bank, sold the full 4.78 crore shares through its entity Maple II B V for 228.08 per share. Morgan Stanley’s Asia Singapore PTE and Societe General were buyers of shares worth 285.12 crore and 161.74 crore, respectively, at 228 apiece. Shares of RBL Bank closed 2.95% down at 230.4 on Thursday.

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