Big deal in RBL Bank - This company will become the new promoter by buying 60% stake for ₹26853 crore.

News Topical, Digital Desk : RBL Bank has announced a major deal with Emirates NBD. Under this agreement, Dubai-based bank Emirates NBD will acquire a 60 percent stake in RBL Bank. For this, Emirates NBD will invest up to ₹26,853 crore. RBL Bank will issue shares to Emirates NBD at a price of ₹280 per share. After the completion of the preference issue process, Emirates NBD will become the promoter of RBL Bank and will get controlling rights over the bank.

This scheme will be effective from April 1, 2026. Before this, the bank will hold an Extraordinary General Meeting (EGM) on November 12 to seek shareholders' approval for the deal. This transaction is considered to be one of the largest foreign investments ever in India's banking sector. However, the deal is still subject to approval from the Reserve Bank of India (RBI), shareholders and other regulatory bodies.

Authorised share capital increased by ₹1000 crore To facilitate this deal, the board of RBL Bank has approved increasing its authorised share capital from ₹1000 crore to ₹1,800 crore to facilitate the issue of new shares to Emirates NBD. This deal will remain under the maximum foreign ownership cap of 24 per cent until regulatory approvals are completed. 

Share Performance: RBL Bank shares closed down 2.30 percent at ₹299.70 on Friday. Over the past year, the stock has gained 299.70 percent. 

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