Societe Generale - board: co-option of a

Societe Generale - board: co-option of a

Societe Generale, a French multinational lender, executed a substantial bulk deal in RBL Bank shares on Thursday, August 29. The deal involved the purchase of over 31 lakh shares worth Rs 79 crore at an average price of Rs 250.57, while simultaneously offloading 1.29 lakh shares at Rs 251.19 each. This transaction resulted in a net buyer position for Societe Generale [1].

The bulk deal comes at a time when RBL Bank shares have delivered a 10.6% return over the past year, significantly outperforming benchmark indices. The stock has also surged around 59.5% year-to-date, placing it among the top gainers in the banking space. Despite this, RBL Bank’s stock ended Thursday’s session at Rs 251.65 on the BSE, down Rs 3.30 or 1.3%, amid broader market weakness triggered by global cues and monthly expiry volatility [1].

Technically, RBL Bank’s stock is trading above its 200-day simple moving average of Rs 1,867.4 but below the 50-day SMA, suggesting mixed signals in terms of trend momentum. Volatility remains high, with a one-year beta of 1.2 [1].

In the first quarter of FY26, RBL Bank reported a standalone net profit of Rs 200.33 crore, down 46% year-on-year. The Net Interest Income (NII) declined 13% YoY to Rs 1,481 crore, while the Net Interest Margin (NIM) fell to 4.50%, down from the previous quarter. Operating profit dropped 18% YoY to Rs 703 crore, with the bank citing a reduction in unsecured lending and the impact of the recent repo rate cut as key drags. Operating expenses, meanwhile, rose 12% YoY to Rs 1,847 crore [1].

The co-option of a board member by Societe Generale in Deliveroo plc, as disclosed on September 1, 2025, indicates the bank’s interest in strategic investments and potential future collaborations [2].

References:
[1] https://economictimes.indiatimes.com/markets/stocks/news/rbl-bank-shares-in-focus-after-societe-generale-acquires-shares-worth-rs-79-crore-via-bulk-deal/articleshow/123575053.cms
[2] https://www.tradingview.com/news/reuters.com,2025-09-01:newsml_RSA5077Xa:0-reg-societe-generale-sa-deliveroo-plc-form-8-3-deliveroo-plc/