RBL Bank Limited
HSBC Mutual Fund decreased its stake in RBL Bank from 3.51% to 1.03% by selling 5,770,485 shares. The shares were valued at ₹359.80 apiece. The transaction occurred in the context of a rights issue.
A banking company providing specialized financial services across five core verticals including corporate banking, commercial banking, branch and business banking, retail assets, and treasury operations. Incorporated in 1943, the bank serves corporate clients, small businesses, and retail customers through a diversified service portfolio. It operates as a full-service banking institution with a particular focus on specialized lending, structured finance, and financial market solutions for institutional clients.
Indian arm of HSBC Asset Management, the investment arm of HSBC Group with over USD 600 billion in global AUM. Manages over Rs 1 lakh crore in India across equity, debt and hybrid schemes. Previously known for integration of L&T Mutual Fund schemes after acquiring it from L&T Finance in 2022, which significantly expanded the franchise.