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Emirates NBD to Acquire Majority Stake in RBL Bank for ₹26,850 Crore
Emirates NBD will invest $3 billion for a 60% stake in RBL Bank, combining regional strength with RBL’s extensive Indian network, pending regulatory approval.
- On Saturday, Emirates NBD Bank agreed to acquire a controlling stake in RBL Bank via a preferential issue of up to 60 per cent, subject to regulatory approvals.
- The deal pairs ENBD’s capital strength with RBL Bank’s distribution, combining ENBD’s strong capital base with RBL’s extensive presence across India, RBL Bank Chairman Chandan Sinha said.
- Institutional profiles underline the deal's scale as ENBD is 56% owned by the Dubai Government via Investment Corporation of Dubai and Dubai Holding Group.
- The boards approved amalgamation of ENBD’s India branches into RBL Bank per RBI guidelines, and ENBD will make a mandatory open offer for up to 26 per cent from public shareholders under SEBI’s Takeover Regulations.
- ENBD framed the move as support for Indian businesses and trade, with Shayne Nelson saying it leverages ENBD’s regional network while RBL Bank’s chairman said it will deepen customer franchises.
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Coverage Details
Total News Sources16
Leaning Left3Leaning Right4Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 38%
12%
R 50%
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