India's Mahindra & Mahindra may buy up to 10% stake in RBL Bank

India's Mahindra & Mahindra may buy up to 10% stake in RBL Bank

Anand Mahindra. Photo: Reuters

India’s Mahindra & Mahindra (M&M) has acquired a 3.53% stake in RBL Bank for Rs 417 crore ($50 million) and may look to buy up to 10% stake in the private lender, the tech-to-tractor conglomerate said in an exchange filing.

Edited by: Joymitra Rai