New Delhi: US-based Citigroup on Monday bought shares of two private lenders RBL Bank and South Indian Bank for Rs 222 crore through open market transactions.
Citigroup, through its affiliate Citigroup Global Markets Mauritius, buys the shares through two separate wholesale deals on the BSE.
Citigroup Global Markets Mauritius acquired 66.9 lakh shares equivalent to 1.11 per cent stake in RBL Bank, according to BSE data. It also bought over 1.76 crore shares or 0.7 per cent stake in South Indian Bank.
Shares of RBL Bank were bought at an average price of Rs 255.40 per share and shares of South Indian Bank were bought at Rs 28.78 per piece, making the combined transaction value Rs 221.89 crore.
Copthol Mauritius Investment Ltd sold shares of RBL Bank and South Indian Ban at the same price.
On Monday, RBL Bank shares closed 0.37 per cent higher at Rs 255.55 per share and South Indian Bank shares closed 3.25 per cent higher at Rs 28.55 per share on the BSE.
Citigroup, through its affiliate Citigroup Global Markets Mauritius, buys the shares through two separate wholesale deals on the BSE.
Citigroup Global Markets Mauritius acquired 66.9 lakh shares equivalent to 1.11 per cent stake in RBL Bank, according to BSE data. It also bought over 1.76 crore shares or 0.7 per cent stake in South Indian Bank.
Shares of RBL Bank were bought at an average price of Rs 255.40 per share and shares of South Indian Bank were bought at Rs 28.78 per piece, making the combined transaction value Rs 221.89 crore.
Copthol Mauritius Investment Ltd sold shares of RBL Bank and South Indian Ban at the same price.
On Monday, RBL Bank shares closed 0.37 per cent higher at Rs 255.55 per share and South Indian Bank shares closed 3.25 per cent higher at Rs 28.55 per share on the BSE.
