RBL Bank gains on acquiring 8.51% stake in ONDC
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RBL Bank is currently trading at Rs. 282.65, up by 3.90 points or 1.40% from its previous closing of Rs. 278.75 on the BSE.
The scrip opened at Rs. 280.50 and has touched a high and low of Rs. 285.65 and Rs. 278.05 respectively. So far 314875 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 285.65 on 14-Dec-2023 and a 52 week low of Rs. 131.60 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 285.65 and Rs. 257.50 respectively. The current market cap of the company is Rs. 17135.56 crore.
The Institutions holding in the company stood at 49.53%, while Non-Institutions held 50.46% in the company.
RBL Bank has acquired 8.51% stake in Open Network for Digital Commerce (ONDC) for Rs 40 crore at par on December 13, 2023. The bank has been allotted 40,00,000 Equity Shares of Rs 100 each by Open Network for Digital Commerce.
ONDC is engaged in creating an open public digital infrastructure to develop and transform the Indian digital commerce ecosystem for both goods and services and to expand alternatives for both buyers and sellers to engage in the digital commerce space.
RBL Bank operates as a scheduled commercial bank. The bank offers its services under the various business verticals including corporate and institutional banking, commercial banking, retail banking, agri and development banking and financial markets.
