Hydra Trading sells 1.24% stake in RBL Bank for Rs 152 crore in open market

Quick Summary:

Hydra Trading, a public shareholder of RBL Bank, on Monday sold a 1.24 per cent stake in the private sector lender for over Rs 152 crore through an open market transaction.

In a separate transaction on the BSE, Plutus Wealth Management bought 85 lakh shares, amounting to a 0.66 per cent stake in domestic carrier SpiceJet for Rs 51 crore through an open market transaction.

According to block deal data available on the BSE, Hydra Trading Pvt Ltd offloaded 75.11 lakh shares or 1.24 per cent stake in RBL Bank.

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Category: BusinessFinance

Markets: India

Topics: Hydra Trading RBL Bank Share sale Open market transaction

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 22:54:58 (11 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 22 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 22798570

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