Emirates NBD announced an open offer to acquire 26% of RBL Bank at ₹280/share, following its ₹26,853-crore investment. This would allow the Dubai-based lender to acquire the stake for ₹11,636 crore. NBD is set to acquire 60% stake in RBL through preferential allotment, with the deal concluding in April 2026. Post investment, RBL's net worth will increase to ₹42,000 crore.
short by
Shristi Acharya /
10:55 pm on
28 Oct