RBL Bank block deal: Equity worth Rs 1,100 crore sold as EQT likely exits

RBL Bank's net profit rose close to 29 percent in Q1 while total income was up 21.5 percent.

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26 Aug, 2025 12:21

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As much as 7.95 percent stake in RBL Bank was sold through a block deal on the exchanges on July 25. The block deal, worth Rs 1,100 crore, likely saw private equity firm EQT (formerly Baring PE Asia) exit the lender.

Following the block deal, shares of RBL Bank slumped over 3 percent in trade.

Around 4.8 crore shares of RBL Bank changed hands at an average price of Rs 229.50, implying an 3.5 percent discount to the previous closing price of the stock.

Even though the buyers and sellers of the transaction could not be immediately confirmed, CNBC-TV18 had reported on July 24 that Baring PE, which has invested in RBL Bank through its vehicle Maple II BV was to sell 4.78 crore shares or 7.9 stake in the lender. Through the equity sale, Baring PE was looking to exit RBL Bank, making Rs 1,080 crore for its stake.

The stake sale also tipped off a spike in volumes in the counter as 5 crore shares changed hands on the exchanges so far, manifolds the one-month daily traded average of 64 lakh shares.

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Earlier this week, the lender clocked in a 28.95 percent on year spike in net profit to Rs 371.52 crore in the April-June quarter of FY25. Along with that, the lender's total income also grew 21.47 percent to Rs 4,301.70 crore in Q1 of FY25.

On the other hand, net interest income rose 20 percent to Rs 1,700 crore in the quarter gone by.

The lender also announced plans for a Rs 3,500 crore Qualified Institutional Placement (QIP) and a Rs 3,000 issuance of debt securities via private placement.

These plans for a fundraise come at a time when the lender is targeting a 20 percent growth in its loan book over the next two financial years, primarily led by an increase in secured retail assets. The lender, however, did not clarify how it would deploy the proceeds from this fundraise.

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