EQT Private Capital Asia Exits RBL Bank with Rs 1,091 Crore Stake Sale

EQT Private Capital Asia sold its entire 7.89% stake in RBL Bank for Rs 1,091 crore through an open market transaction. The shares were sold via Maple II BV. Societe Generale and Morgan Stanley Asia Singapore Pte purchased 3.23% of the stake. Following the transaction, RBL Bank's shares fell by 2.95%.

EQT Private Capital Asia, formerly Baring Private Equity Asia, has exited its investment in RBL Bank by selling off its entire 7.89% stake for Rs 1,091 crore via an open market transaction.

The sale, executed through Maple II BV, saw 4,78,40,700 shares offloaded at an average price of Rs 228.08 each, raising the total transaction value to Rs 1,091.15 crore.

In a related development, Societe Generale and Morgan Stanley Asia Singapore Pte acquired 3.23% of RBL Bank's shares at an average price of Rs 446.85 crore. Post-transaction, RBL Bank's stock dropped 2.95% to close at Rs 230.40. Notably, the bank had reported a 29% increase in net profit to Rs 372 crore for the June 2024 quarter.

(With inputs from agencies.)