RBI Approves Emirates NBD’s 60% Stake Acquisition in RBL Bank
In April 2026, the Reserve Bank of India (RBI) approved Emirates NBD’s acquisition of a 60% stake in RBL Bank, through a preferential allotment of equity shares, in a deal valued at around Rs 26,853 crore.
In April 2026, the Reserve Bank of India (RBI) approved Emirates NBD’s acquisition of a 60% stake in RBL Bank, through a preferential allotment of equity shares, in a deal valued at around Rs 26,853 crore.
- The approval also covers the merger of existing operations of Emirates NBD in India with RBL, subject to requisite regulatory clearances.
Key Details of Acquisition:
Acquisition Process: Emirates NBD will launch an open offer to buy a maximum 26% of RBL’s voting share capital at a price of Rs 280 per equity share.
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- In addition, the mandatory offer, related to the planned acquisition will include around 415.58 million shares.
Key Change in Role: Upon completion of the transaction, Emirates NBD will be designated as a promoter of RBL Bank, which will become its largest subsidiary outside India.
Regulatory Status: While the RBI’s approval has advanced the process, the deal is now pending clearance from the Securities and Exchange Board of India (SEBI).
About RBL Bank: It formerly known as Ratnakar Bank Limited, is a private sector bank in India, established in 1943 and headquartered in Mumbai, Maharashtra.
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