Emirates NBD receives all approvals for majority stake acquisition in RBL Bank

Emirates NBD has obtained the remaining regulatory and authorities clearances needed for its planned acquisition of a controlling involvement successful RBL Bank, aft receiving support from the Government of India.

The transaction, archetypal announced successful October 2025, involves an concern of astir $3bn, equivalent to astir Rs268.5bn.

The slope said the approvals bespeak the “strong bi-lateral narration betwixt the UAE and India”.

Emirates NBD has identified India arsenic an important marketplace successful its broader program to grow its planetary concern crossed the Middle East, North Africa, Türkiye and South Asia.

It said that acquiring a beingness successful India done RBL Bank would adhd to its capableness to service clients successful the UAE and crossed its broader network.

Emirates NBD volition get up to 959,045,636 afloat paid equity shares of RBL Bank astatine Rs280 per stock done a preferential issue, the Indian lender said successful an speech filing.

This archetypal subscription represents astir 60% of RBL Bank’s expanded paid-up stock capital.

Depending connected regulatory overseas ownership caps and the result of a mandatory unfastened offer, Emirates NBD's last involvement successful the slope is projected to settee betwixt 51% and 74%.

Last month, the Dubai-based lender received Reserve Bank of India support to acquisition up to 74% of RBL Bank’s paid-up equity.

Once that threshold is met, RBL would beryllium classified arsenic a overseas slope operating via a subsidiary structure, with the Dubai-based slope arsenic the overseas parent.

However, Emirates NBD’s voting rights successful RBL would beryllium restricted to 26%, adjacent if the stock acquisition is completed.

The lender was besides fixed an exemption from the “single mode of presence” regularisation until its Indian branches are combined with RBL oregon for a play of up to 1 year, whichever comes first.

The Reserve Bank of India’s support remains valid for 1 twelvemonth and depends connected authorities clearance for immoderate concern supra 49% nether the support route, arsenic good arsenic adherence to applicable rules.

Earlier this year, the Reserve Bank of India allowed Asia II Topco XIII, a Singapore-based Blackstone affiliate, to get arsenic overmuch arsenic 9.99% of Federal Bank’s paid-up superior oregon voting rights.

"Emirates NBD receives each approvals for bulk involvement acquisition successful RBL Bank " was primitively created and published by Retail Banker International, a GlobalData owned brand.

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