Smallcap auto retailer Landmark Cars saw an exit by Goldman Sachs and a stake sale by Polar Capital Funds Plc through separate bulk deals on Thursday. Goldman Sachs offloaded nearly 13.75 lakh shares for about Rs 50 crore while Polar Capital Funds sold 2.51 lakh shares, valued at roughly Rs 9.3 crore. The stake sale…
Markets traded in a volatile manner on Monday and eventually ended almost unchanged, extending the ongoing consolidation phase. With most major domestic and global events behind us, analysts say rupee weakness and mixed global cues are currently dictating market direction. At the same time, rotational strength in heavyweight stocks across sectors is providing support and…
Emirates NBD Bank (P.J.S.C.) has proposed to launch an open offer at Rs 280 per share to acquire 26% stake in RBL Bank, the private bank informed stock exchanges. Shareholders can tender shares from December 12 until December 26, subject to Sebi approval. The total size of the open offer is fixed at Rs 11,636…
Indian equity benchmarks ended the Monday session on a strong note, with the Nifty closing near 25,950, posting a firm finish ahead of the October F&O expiry. Going ahead, analysts say a sustained move above last week’s high 26100 levels will open up further upside towards 26,300 and 26,500 levels in the coming sessions. STATE…
Shares of Mumbai-based private sector lender RBL Bank surged 5% to their fresh 52-week high of Rs 314.65 on the BSE on Monday, October 20, following two major developments – the bank’s September quarter earnings and a landmark investment agreement with Emirates NBD Bank. For the quarter ended September 2025 (Q2FY26), RBL Bank’s net interest…
Shares of RBL Bank Ltd gained as much as 3.4% to their day’s high of Rs 300 on the NSE on Tuesday, October 14, as Emirates NDB Bank PJSC, the second-largest bank in the UAE entered into advanced negotiations with RBL Bank to finalise a Rs 15,000 crore ($1.7 billion) investment and emerge as the…
The Indian market eased on Wednesday, snapping a four-session winning run, as investors booked profits, with financial shares leading losses. The weakness in banks outweighed gains in IT stocks ahead of the quarterly results. The S&P BSE Sensex fell 153 points, or 0.19%, to close at 81,773.66, while the NSE Nifty 50 declined 62 points,…
Shares of RBL Bank are expected to remain in focus on Friday, August 29, following a substantial bulk deal by French multinational lender Societe Generale, which bought over Rs 79 crore worth of shares in the private sector bank. The deal, executed via open market bulk trades on Thursday, involved the acquisition of more than…
A long buildup occurs when both open interest (OI) and trading volumes rise alongside an increase in the underlying stock price, signaling a bullish trend in the Futures and Options segment. In Wednesday’s trading session, five stocks witnessed fresh long positions. Here’s the list: Source link
RBL Bank‘s net profit slumped 86% to just Rs 33 crore in the quarter ended December 2024 from Rs 233 crore a year ago mainly due to an additional provision of Rs 414 crore the bank made to cover for potential loss on its micro finance loans. The stress in the bank’s micro finance loans…