Mahindra & Mahindra sells entire stake in RBL for Rs 678 cr with 62.5% return

Mahindra & Mahindra has successfully divested its entire stake in RBL Bank. The sale fetched Rs 678 crore, marking a significant 62.5% profit on the initial investment. This strategic move by the diversified firm highlights a profitable treasury operation. The company had acquired the stake in July 2023 for Rs 417 crore. This transaction demonstrates effective capital management.