EQT Private Cap Asia exits RBL Bank, sells entire stake for Rs 1,091 cr

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EQT Private Cap Asia exits RBL Bank, sells entire stake for Rs 1,091 cr - Business Standard

Quick Summary:

EQT Private Capital Asia, formerly known as Baring Private Equity Asia, on Thursday exited RBL Bank by selling its entire 7.89 per cent stake in the private sector lender for Rs 1,091 crore through an open market transaction.

EQT Private Capital Asia through its vehicle Maple II BV sold shares of RBL Bank through a bulk deal on the BSE.

Meanwhile, Societe Generale and Morgan Stanley Asia Singapore Pte bought 1,95,99,054 shares or 3.23 per cent stake in RBL Bank.