Disclosure For The Completion Of Emirates NBD Bank (P.J.S.C.)’s Acquisition Of 60% Stake In RBL Bank Limited

Emirates NBD Bank (P.J.S.C.) successfully completed the acquisition of a 60% stake in India's RBL Bank Limited on June 18, 2026.
The transaction was executed via a preferential allotment of 929,134,820 equity shares at a price of INR 280 per share, totaling approximately INR 260.16 billion (US$ 2.75 billion).
RBL Bank has become a subsidiary of Emirates NBD, which will now proceed to amalgamate its existing Indian branches with the target bank to satisfy regulatory requirements.
Following the acquisition, RBL Bank reconstituted its board with the appointment of five Emirates NBD nominees and the resignation of two non-executive directors.