America Based Citigroup on Monday bought shares worth Rs 222 crore of two private sector banks RBL Bank and South Indian Bank through open market transactions. Citigroup, through its subsidiary Citigroup Global Markets Mauritius, has purchased these shares through two separate wholesale deals on BSE. According to BSE data, Citigroup Global Markets Mauritius bought 66.97 lakh shares of RBL Bank, which is equivalent to 1.11 per cent stake.
Bought 0.7% stake in South Indian Bank
More than 1.76 crore shares or 0.7 percent stake were bought in South Indian Bank. Shares of RBL Bank were bought at an average price of Rs 255.40 per share and shares of South Indian Bank were bought at an average price of Rs 28.78 per share. In this way the total deal was Rs 221.89 crore. These shares were sold by Copthal Mauritius Investment Limited.
What is the condition of the shares?
Shares of RBL Bank closed 0.37 per cent or Rs 0.95 higher at Rs 255.55 on the Bombay Stock Exchange on Monday. 52 week high of this share is Rs 300.50. Whereas, 52 week low is Rs 138.85. The market cap of the company closed at Rs 15,463.33 crore on BSE on Monday. At the same time, shares of South Indian Bank fell 3.25 percent or Rs 0.96 and closed at Rs 28.55 on Monday. 52 week high of this share is Rs 36.91. Whereas, 52 week low is Rs 13.90. The market cap of the company closed at Rs 7,468.47 crore on BSE on Monday.
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