Block Deal: Anand Mahindra’s M&M set for 64% gain in 1 year from full exit in this bank

Mahindra & Mahindra (M&M), led by Anand Mahindra, is gearing up for a profitable exit from RBL Bank through a block deal. The automaker plans to sell its entire 3.45% stake in the private lender for around Rs 682 crore, marking a strong 64% return in just one year on its Rs 417 crore investment made in July 2023.