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Mahindra & Mahindra Ltd (M&M) has exited its investment in RBL Bank Ltd, selling its entire 3.53 per cent stake for ₹678 crore. The divestment marks a 62.5 per cent gain on its treasury investment of Rs 417 crore made in July 2023.

In a filing to the Bombay Stock Exchange, M&M said the stake sale was completed on Thursday. The company had initially described the RBL holding as a “treasury investment”, not a strategic move, when it first picked up the shares a little over two years ago.

“We refer to our letter dated 26th July 2023, wherein the Company has informed about acquisition of 3.53% stake in RBL Bank as a treasury investment at a cost of Rs. 417 Crores. In furtherance to above, we would like to inform you that the Compan

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