BNP Paribas Financial Markets acquires 1.9% stake in RBL Bank for Rs 377 crore

Bulk deals on October 20

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26 Aug, 2025 12:21

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BNP Paribas Financial Markets has acquired 1.9 per cent equity stake in private sector lender RBL Bank for Rs 377 crore via open market transactions on October 20.

RBL Bank shares clocked 9 per cent rally on Monday to close at Rs 326.65 with strong volumes after the Emirates NBD Bank received its board approval to acquire up to 60 per cent equity stake in the bank by infusing up to Rs 26,850 crore. ENBD will also make a mandatory open offer to acquire up to 26 per cent stake from public shareholders.

BNP Paribas Financial Markets has net bought 1.18 crore equity shares (equivalent to 1.9 per cent stake) in the bank at Rs 317.85 per share for Rs 377.35 crore.

Bliss GVS Pharma was also in action on Monday, advancing 2.2 per cent to Rs 155.43 aftera  consolidation seen last week. Mateus has bought 26 lakh shares in the pharma company at Rs 150.6 per share for Rs 39.15 crore from Arian Investment.

As of September 2025, Arian Investment held 7.43 per cent stake (78.53 lakh shares) in Bliss.

Meanwhile, Infinity Asset Advisors sold 16.54 lakh shares (0.52 per cent stake) in DCB Bank at Rs 145.18 per share, for Rs 24.01 crore. However, DCB Bank shares rallied 12.21 per cent to Rs 144.78 amid above-average volumes aftera  strong gap-up opening.

The significant action was also seen in South Indian Bank, which shares saw breakout and surged 15.56 percent to Rs 37.73 with long bullish candle formation. Aditya Kumar Halwasiya acquired 2.01 crore shares (0.76 per cent stake at Rs 35.24 per share for Rs 70.83 crore.

LT Elevator shares plunged 4.21 per cent to Rs 133.15 after India Max Investment Fund sold 1.44 lakh shares (0.75 per cent stake) at Rs 134.08 per share for Rs 1.93 crore.

As of September 2025, India Max Investment Fund had held 2.88 lakh shares (1.5 per cent stake) in LT Elevator.

LG Electronics India shares remained under pressure since having a sharp rally on listing day, falling 0.17 per cent to Rs 1,665.2 and extending the downtrend for the fourth consecutive session. BofA Securities Europe SA acquired 66,700 shares in the consumer electronics and home appliances company at Rs 1,656 per share for Rs 11.04 crore from NR 1 SP.