- By Priyanka Payal
- Thu, 24 Aug 2023 02:32 PM (IST)
- Source:JND
RBL Bank shares gained 1.09% at Rs 232.70 at 2:15 pm IST on Thursday (August 24) after 1.7% of the company’s equity swapped hands in a block deal today, according to Bloomberg. Details about the buyer and seller are still yet known. A total of 1.02 crore shares amounting to Rs 235.6 crore RBL Bank shares were exchanged.
As of June 30, Nippon Life India Trustee Limited owned a 3.09% stake in RBL Bank, the highest stake among mutual funds. Tata Mid Cap Growth Fund has 2.35% stake in the lender. ICICI Prudential Life Insurance owns 3.28% of RBL Bank.
As of June 30, Maple Li BV held a 9.98% stake in the company and is thus the biggest foreign institutional investor in RBL Bank. In this year so far, RBL shares have gained 28%, while in the last one year the returns from the stock have gained 90%.
Recently, Mahindra & Mahindra bought a 3.53% stake in RBL Bank. RBL Bank's net profit rose 30% year-on-year (YoY) to Rs 288 crore in the April-to-June quarter, while the company’s revenue jumped 30% YoY to Rs 2680 crore in the same period.
On Wednesday, the company informed via an exchange filing that the Bank has allotted 4,53,920 equity shares of face value of Rs 10 each to the eligible employees, on August 22, 2023, under the ESOP Scheme of the Bank.
Consequent to the above allotment, the paid-up share capital of the Bank jumped from 60,02,31,733 equity shares of Rs 10 each aggregating to Rs. 6,00,23,17,330 to 60,06,85,653 equity shares of Rs 10 each aggregating to Rs 6,00,68,56,530.
