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Bulk deals: Citigroup Global Markets Mauritius buys shares in RBL Bank and South Indian Bank

Citigroup Global Markets Mauritius acquired 1.11 percent stake in RBL Bank and 0.68 percent stake in South Indian Bank

April 08, 2024 / 21:37 IST
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Copthall Mauritius Investment were the sellers in the both the deals.

In RBL Bank, Copthall Mauritius Investment sold 66.97 lakh shares, or a 1.11 percent stake, at an average price of Rs 255.4. Citigroup Global Markets Mauritius acquired the same number of shares at the same price. Copthall held 1.29 percent stake in the lender til December 2023.

Shares of RBL Bank had closed 0.73 percent higher at Rs 256.4 on the NSE.

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Shares changed hands in South Indian Bank as well. Copthall Mauritius Investment were the sellers while Citigroup Global Markets Mauritius were the buyers. The deal saw 1.76 crore shares, or a 0.68 percent stake change hands at an average price of Rs 28.78.

South Indian Bank's stock declined 2.89 percent to Rs 28.6 on the NSE.