RBL Bank Block Deal: Mahindra & Mahindra to Exit Entire Stake at 64% Return
The company signed an MoU with Lloyds Metals and Energy Ltd to explore collaboration in mining, logistics including slurry pipeline infrastructure, pellet making and steel production. Estimate the returns on investments made through SIPs At Angel One, Sachin specialises in creating financial content that simplifies complex market trends.
Zydus Lifesciences Ltd on Tuesday, March 11, said that its board of directors has approved an acquisition of 85.6% equity stake in Amplitude Surgical SA, France. While the stock has seen short-term weakness, its strong long-term returns and continued focus on innovation and global markets support its long-term outlook. LIC’s move to raise its stake above 5% reflects long-term confidence in Sun Pharma’s business and growth prospects. Adjusted profit, excluding exceptional items, increased 4.1% to ₹6,114.1 crore.
- Return pickup facility is not available for these items.
- Despite the stake increase by LIC, Sun Pharma shares closed lower on Wednesday.
- The floor price for the block deal has been set at ₹317 per share, a discount of roughly 2.1% to RBL Bank’s current market price.
- We will not process a replacement if the pickup is cancelled owing to missing/damaged contents.
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Please keep the item in its original condition, with brand outer box, MRP tags attached, user manual, warranty cards, CDs and original accessories in manufacturer packaging for a successful return pick-up. This item is eligible for free replacement/refund, within 10 days of delivery, in an unlikely event of damaged, defective or different/wrong item delivered to you. Vehicle and Outdoor category toys are eligible for free replacement, within 7 days of delivery, in an unlikely event of damaged, defective or different/wrong item delivered to you This item is eligible for free replacement, within 10 days of delivery, in an unlikely event of damaged, defective or different/wrong item delivered to you. This item is eligible for free replacement, within 7 days of delivery, in an unlikely event of damaged, defective or different item delivered to you.
This purchase represents a 0.008% stake in the company. Refunds are applicable only if determined that the item was not damaged while in your possession, or is not different from what was shipped to you. stake app You can self return these products using any courier/ postal service of your choice. Lingerie, innerwear and apparel labeled as non-returnable on their product detail pages can’t be returned. All PC components, listed as Components under «Computers & Accessories» that are labeled as not returnable on the product detail page are not eligible for returns. Software products that are labeled as not returnable on the product detail pages are not eligible for returns.
FII & DII stake increase
Please keep the item in its original condition, original packaging, with user manual, warranty cards, and original accessories in manufacturer packaging for a successful return pick-up. This item is eligible for free replacement, within 7 days of delivery, in an unlikely event of damaged or different item delivered to you. For seller-fulfilled items from Sports collectibles and Entertainment collectibles categories, the sellers need to be informed of the damage / defect within 10 days of delivery. For seller-fulfilled items from Fine Art category, the sellers need to be informed of the damage / defect within 10 days of delivery.
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Before this transaction, Thriveni Earthmovers Private Ltd held the majority stake in the company, while Lloyds Metals and Energy Ltd owned the remaining 49.99 percent. The stake will be purchased from Thriveni Earthmovers Private Ltd. Tata Steel said its board has approved a plan to buy a 50.01 percent stake in Thriveni Pellets Private Ltd for up to ₹636 crore. The Indian government has officially increased its stake in the financially struggling telecom operator Vodafone Idea (Vi) to 48.99 per cent from 22.60 percent. As of the quarter ending June 2025, the government retained a 96.5% stake in LIC.
Return the speakers in the original condition in brand box to avoid pickup cancellation. You can return if you receive a damaged, defective or incorrect product. M&M had invested ₹417 crore in July 2023 to acquire the stake at ₹197 per share, resulting in an impressive 64% return. Any luggage items with locks must be returned unlocked. Upon the conclusion of the tender offer, if all conditions are satisfied, Zydus Lifesciences will proceed with a compulsory acquisition of the remaining 14.4% stake for an aggregate of €43.2 million. If you do not receive a response from the seller for your return request within two business days, you can submit an A-to-Z Guarantee claim.
In August 2023, the company’s Managing Director and CEO, Anish Shah, stated that M&M had no intention of increasing its stake in the bank. Mahindra & Mahindra (M&M) is selling its entire 3.45% stake in RBL Bank through a block deal valued at around ₹682 crore, according to news reports. Users should be cautious when handling and installing the stakes due to their sharp points. The purchase price is €6.25 per share of equity, putting the transaction value at €256.8 million for the 85.6% stake.
