Won’t raise stake in RBL Bank without strategic value: M&M

Mahindra & Mahindra has purchased a 3.53% stake in RBL Bank for INR417 crore ($55.5m), according to the Mumbai-based automaker's CEO Anish Shah. However, Shah added that the purchase should not be seen as a sign of a change in capital allocation discipline and the company has no plans to enter the banking business or invest in any other bank.

source https://www.livemint.com/news/india/mahindra-mahindra-defends-investment-in-rbl-bank-assures-investors-of-capital-allocation-discipline-11691170422363.html