Mahindra & Mahindra Ltd.

Mahindra & Mahindra (M&M) has acquired a 3.53% stake in RBL Bank as an investment at a cost of Rs 417 crore. The company may consider further investment subject to pricing, regulatory approvals and required procedures. However, in no circumstance will it exceed 9.9%. 

M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.