"We have a business in the financial services sector and this investment is for us to understand banking in more detail because we have done this with a 7-10-year view," Shah said, adding that company has no intention of expanding its presence in the banking sector.
In the recent post April-June conference call, the company said that it is not looking to increase its stake in RBL Bank unless there is a "compelling reason to do so". There are no plans to invest in any other banks.
These comments come days after M&M acquired a 3.5% stake in the bank for ₹417 crore.
Bu hikaye Financial Express Mumbai dergisinin August 05, 2023 sayısından alınmıştır.
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Bu hikaye Financial Express Mumbai dergisinin August 05, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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