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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
Bulk deals

Copthall Mauritius Investment were the sellers in the both the deals.

 
 
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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.

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.

In the newly listed Jay Kailash Namkeen, Visionary Value Fund sold 64,000 shares, a 2,18 percent stake at an average price of Rs 85. Chanakya Opportunities Fund I also sold 64,000 shares at Rs 85 per share. The stock got listed at a premium of 16.4 percent above its issue price on BSE SME.

The stock closed at Rs 80.75 on BSE

Moneycontrol News
first published: Apr 8, 2024 08:46 pm

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