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Mahindra & Mahindra exits RBL Bank after Emirates NBD entry

6 months ago

Mahindra & Mahindra has divested its entire 3.5% stake in RBL Bank for Rs 678 crore, realizing a significant gain. This move precedes Emirates NBD's open offer to acquire a substantial stake, aiming to merge its India operations with RBL Bank and bolster its capital.
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