New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    Which bank saw EQT Private Capital Asia sell its 7.89%

    stake for Rs 1,091.15 crore in July 2024?
    A HDFC Bank Correct Answer Incorrect Answer
    B Karnataka Bank Correct Answer Incorrect Answer
    C RBL Bank Correct Answer Incorrect Answer
    D Axis Bank Correct Answer Incorrect Answer
    E Yes Bank Correct Answer Incorrect Answer

    Solution

    EQT Private Capital Asia, a Swedish private equity firm, divested its entire 7.89% stake in RBL Bank through an open market transaction, totaling Rs 1,091.15 crore at an average price of Rs 228.08 per share. The shares were acquired by entities including Morgan Stanley Asia Singapore Pte and Societe Generale.

    Practice Next