Mahindra & Mahindra is set to exit RBL Bank by selling its entire 3.5% stake. The deal is valued at approximately $78 million. Kotak Securities is managing the transaction. The sale is scheduled for Thursday. This move represents a profitable exit for Mahindra, which had invested in the bank in July 2023.
Boeing shares rise 5% despite higher than expected Q2 loss on Air Force One costs
Boeing posted a wider-than-expected Q2 loss after a $280 million Air Force One charge, but shares rose 5% as positive free cash flow and higher