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.
