UAE's Emirates NBD to buy 60% stake in RBL Bank for ₹26,853 crore
RBL Bank on Saturday announced that Emirates NBD, the second-largest bank in UAE, will acquire up to 60% stake in the Indian lender for around ₹26,853 crore. According to a filing, RBL Bank's Board approved the investment via a preferential allotment of up to 95.9 crore shares at ₹280 per share. The deal is subject to shareholder and regulatory approvals.