RBL Bank shares tumble 4% after 7.9% stake sale via block deal

Shares of RBL Bank fell 4% to Rs 228 on BSE after a block deal involving Rs 1,081 crores was executed. The stake sale represented a 7.9% equity holding, reportedly sold by Maple II BV. The shares were offered at a 5% discount to the previous close. EQT AB held a 7.89% stake as of June 2024.