Emirates NBD has received all final regulatory and governmental approvals from the UAE and India for its majority stake acquisition in RBL Bank Limited (RBL).
The investment of approximately USD 3 billion (~INR 268.5 billion) involves subscribing to up to 959,045,636 shares at ₹280 per share, representing roughly 60% of RBL’s post-issue paid-up capital.
Emirates NBD’s final shareholding is expected to range between 51% and 74% following a mandatory open offer, with the group becoming the official promoter of RBL Bank.
The transaction includes the future amalgamation of Emirates NBD’s existing India branch operations in Mumbai, Chennai, and Gurugram into RBL Bank.
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