Mahindra Sells Entire RBL Bank Stake for Rs 6.78 Billion

07 Nov 2025 CW Team

M&M had acquired a 3.53 per cent stake in RBL Bank in 2023 as a treasury investment for Rs 4.17 billion. At the time, the company had informed the exchanges on 26 July 2023, noting that it could increase its stake depending on pricing, regulatory clearances, and other formalities.

According to Thursday’s filing, the exit generated a 62.5 per cent return for M&M. The company stated:

“We refer to our letter dated 26 July 2023, wherein the company had informed about the acquisition of a 3.53 per cent stake in RBL Bank as a treasury investment at a cost of Rs 4.17 billion. In furtherance to the above, we would like to inform you that the company has today sold its entire stake in RBL Bank for a consideration of Rs 6.78 billion, representing a 62.5 per cent gain on the investment.”

Following the announcement, M&M shares rose 1.44 per cent to Rs 3,633 apiece at around 10:12 am on the BSE. The stock had opened at Rs 3,603.45 per share earlier in the day.

Meanwhile, RBL Bank’s shares edged up 0.54 per cent to Rs 325.75, after opening at Rs 326.15 per share on the BSE.

The move comes shortly after RBL Bank revealed that Emirates NBD, the largest bank in Dubai, would acquire a majority stake for USD 3 billion (approximately Rs 268.5 billion). This represents the largest-ever foreign direct investment (FDI) and equity fundraise in the Indian banking industry.

RBL Bank’s announcement followed the Reserve Bank of India’s in-principle approval for Emirates NBD to establish a wholly owned subsidiary in India. Upon completion of the transaction, Emirates NBD will become the promoter of RBL Bank and will gain the right to nominate directors to the bank’s board.

M&M’s divestment marks a profitable exit from its strategic treasury investment, coinciding with a phase of heightened activity and foreign participation in India’s financial services sector.

Mahindra & Mahindra (M&M) has sold its entire stake in RBL Bank for Rs 6.78 billion, the automaker said in a stock exchange filing on Thursday, 6 November. The sale follows just days after the private lender announced Emirates NBD’s plan to acquire a majority stake, marking one of the largest foreign investments in India’s banking sector. M&M had acquired a 3.53 per cent stake in RBL Bank in 2023 as a treasury investment for Rs 4.17 billion. At the time, the company had informed the exchanges on 26 July 2023, noting that it could increase its stake depending on pricing, regulatory clearances, and other formalities. According to Thursday’s filing, the exit generated a 62.5 per cent return for M&M. The company stated: “We refer to our letter dated 26 July 2023, wherein the company had informed about the acquisition of a 3.53 per cent stake in RBL Bank as a treasury investment at a cost of Rs 4.17 billion. In furtherance to the above, we would like to inform you that the company has today sold its entire stake in RBL Bank for a consideration of Rs 6.78 billion, representing a 62.5 per cent gain on the investment.” Following the announcement, M&M shares rose 1.44 per cent to Rs 3,633 apiece at around 10:12 am on the BSE. The stock had opened at Rs 3,603.45 per share earlier in the day. Meanwhile, RBL Bank’s shares edged up 0.54 per cent to Rs 325.75, after opening at Rs 326.15 per share on the BSE. The move comes shortly after RBL Bank revealed that Emirates NBD, the largest bank in Dubai, would acquire a majority stake for USD 3 billion (approximately Rs 268.5 billion). This represents the largest-ever foreign direct investment (FDI) and equity fundraise in the Indian banking industry. RBL Bank’s announcement followed the Reserve Bank of India’s in-principle approval for Emirates NBD to establish a wholly owned subsidiary in India. Upon completion of the transaction, Emirates NBD will become the promoter of RBL Bank and will gain the right to nominate directors to the bank’s board. M&M’s divestment marks a profitable exit from its strategic treasury investment, coinciding with a phase of heightened activity and foreign participation in India’s financial services sector.

Infrastructure Energy

07 Nov 2025

REC Approves Rs 75 billifor Brookfield’s Hybrid Energy Project

The Rural Electrification Corporation (REC) Ltd, a Maharatna non-banking finance company, has sanctioned Rs 75 billion for Brookfield’s 1,040 MW hybrid renewable energy project in Kurnool district — its largest-ever funding to a private-sector venture.Developed by Evren, a joint venture between Brookfield (51.49 per cent) and Axis Energy, the Rs 99.1 billion project integrates 640 MW of wind and 400 MW of solar power with battery storage. It is India’s first Firm and Dispatchable Renewable Energy (FDRE) project featuring state-level grid connectivity and a dedicated power purchase agreem..

Infrastructure Transport

07 Nov 2025

Oswal Energies, Deendayal Port Partner for Green Hydrogen Project

Oswal Energies and the Deendayal Port Authority (Kandla-Gandhidham) have signed a memorandum of understanding (MoU) to jointly develop green hydrogen, green methanol, green ammonia, and a 100 million litres per day (MLD) desalination plant under the National Green Energy Initiative.The Government of India has identified Deendayal Port as one of the strategic hubs for green energy infrastructure. The collaboration aims to strengthen the port’s role in advancing sustainable energy systems, supporting India’s net-zero and energy security goals.Under the MoU, Oswal Energies will lead the devel..

Infrastructure Energy

07 Nov 2025

NLC India Adds 106 MW Solar Capacity at Barsingsar Project

NLC India Ltd (NLCIL) has commissioned an additional 106 megawatt (MW) solar power capacity at its 300 MW Barsingsar Solar Power Project in Rajasthan. With this, the total commissioned capacity has reached 158.83 MW, following the earlier commissioning of 52.83 MW.The Rajasthan Renewable Energy Corporation Ltd (RRECL) issued the commissioning certificate confirming the milestone achievement, the Navratna company said.Implemented under the CPSU Scheme Phase-II of the Ministry of New and Renewable Energy (MNRE), the project is located on NLCIL’s own land in Barsingsar, Bikaner district. It use..