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

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.

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.

The shares were sold at an average price of Rs 203 apiece, taking the deal value to Rs 152.49 crore.

As of June quarter ending, Hydra Trading owned a 1.25 per cent holding in Mumbai-based RBL Bank.

These shares were acquired by Cronus Merchandise LLP at the same price.

Shares of RBL Bank fell 1.57 per cent to close at Rs 204.35 per piece on the BSE.

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.

The shares were picked up at an average price of Rs 59.95 apiece, taking the aggregate transaction value to Rs 50.96 crore, as pe