Emirates NBD Bank (P.J.S.C.) acquired 929,134,820 shares of RBL Bank Limited for ₹34308.30 Cr at ₹369.25 apiece via preferential allotment, increasing its stake from 0.00% to 60.00%. The transaction makes Emirates NBD Bank a promoter of RBL Bank.
A banking company providing specialized financial services across five core verticals including corporate banking, commercial banking, branch and business banking, retail assets, and treasury operations. Incorporated in 1943, the bank serves corporate clients, small businesses, and retail customers through a diversified service portfolio. It operates as a full-service banking institution with a particular focus on specialized lending, structured finance, and financial market solutions for institutional clients.
