RBL Bank Shares in Focus After Societe Generale's Rs 79 Cr Acquisition

RBL Bank shares are in focus after Societe Generale acquired over Rs 79 crore worth of shares via a bulk deal. The deal involved the acquisition of 31 lakh shares at an average price of Rs 250.57 apiece, representing a near 2% discount to the previous close. The development comes at a time when RBL Bank shares have delivered a 10.6% return over the past year, significantly outperforming benchmark indices.

French multinational bank Societe Generale has purchased over 31 lakh shares of RBL Bank in bulk deals, valued at Rs 79 crore. The acquisition was completed at an average price of Rs 250.57 per share, representing a near 2% discount from the previous closing price [1].

The transaction comes amidst a backdrop of weak market sentiment, with RBL Bank's shares closing lower at Rs 253 on the NSE, down by Rs 2.40 or 0.94% [1]. This decline was part of a broader sell-off across the Indian market, driven by US tariffs and monthly expiry, affecting indices like Nifty and Sensex [1].

Despite the recent drop, RBL Bank shares have delivered a 12% return over the past 12 months, outperforming the Nifty and Sensex, which have each slid nearly 2% [1]. The stock has been in strong form this year, rallying 60% year-to-date [1].

The private sector lender reported a standalone net profit of Rs 200.33 crore for the first quarter ended June 2025, a 46% year-over-year decline compared to the corresponding quarter of the previous year. This decline was attributed to weaker interest income and rising expenses [1].

References:
[1] https://economictimes.indiatimes.com/markets/stocks/news/societe-generale-buys-stake-worth-rs-79-crore-in-rbl-bank-via-bulk-deal/articleshow/123566674.cms