RBL Bank Sells Entire 8.16% Stake in DAM Capital Advisors.

Banking & Finance

Mumbai (Maharashtra) based RBL Bank Limited has sold its entire 8.16% stake in DAM Capital Advisors Limited, also based in Mumbai. As a result, RBL Bank Limited no longer holds any shares in DAM Capital Advisors Limited.


      - The sale involved 57.71 lakh equity shares, each with a face value (FV) of Rs. 2, conducted through an offer for sale (OFS) after DAM Capital's initial public offering (IPO), which took place from December 19 to 23, 2024.

      - The shares were sold at Rs. 283 each, with the total transaction value amounting to Rs. 163.32 crore. Prior to the IPO, the bank had already sold 10.60 lakh shares, or 1.5%, of DAM Capital Advisors Limited through a secondary market transaction.

     

Main Point :-   (i) DAM Capital Advisors Limited (DAM Capital), an investment bank in India, was established in 1993 and made its stock market debut on December 27, 2024.

      (ii) RBL Bank, formerly known as Ratnakar Bank Limited, is an Indian private sector bank founded in 1943. R Subramaniakumar has been serving as the Managing Director (MD) & CEO of the Bank since June 23, 2022.


About RBL Bank

MD & CEO : R Subramaniakumar;
Headquarter : Mumbai
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