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RBL Bank tumbles as its CEO offloads shares worth Rs 38.50 crore

31 Aug 2020 Evaluate

RBL Bank is currently trading at Rs. 197.00, down by 13.60 points or 6.46% from its previous closing of Rs. 210.60 on the BSE.

The scrip opened at Rs. 213.70 and has touched a high and low of Rs. 217.80 and Rs. 195.40 respectively. So far 1598784 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 413.65 on 23-Sep-2019 and a 52 week low of Rs. 101.60 on 22-Apr-2020.

Last one week high and low of the scrip stood at Rs. 217.80 and Rs. 183.20 respectively. The current market cap of the company is Rs. 10380.84 crore.

The Institutions holding in the company stood at 54.50% and Non-Institutions held 45.49 %.

RBL Bank’s managing director and CEO Vishwavir Ahuja has sold shares worth over Rs 38.50 crore in the bank. The sale has been driven primarily with the need to extinguish personal debt obligations and related servicing burden, undertaken over the last few years mainly to exercise and purchase vested ESOPs (and pay associated tax), as well as to take care of some pressing family commitments.

The sale represents around 18% of his family's total holdings and Ahuja continues to retain 80,10,000 shares (around 1.6% holding) of RBL Bank post the sale of these shares

RBL Bank is one of India's fastest growing private sector banks with an expanding presence across the country.

RBL Bank Share Price

315.75 -0.25 (-0.08%)
17-Apr-2026 16:59 View Price Chart
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