M&A

M&A

Emirates NBD invests Rs.26,850-Cr in RBL Bank for 60% stake

BSE Announcement   Business Standard  

UAE-based Emirates NBD PJSC is to invest INR 26,850 crore (around USD 3 Billion) in Mumbai-based, publicly listed RBL Bank for a controlling stake of 60%. RBL Bank will issue 95.90 crore preferential shares at INR 280 per share to Emirates NBD. The deal will trigger a mandatory open offer to acquire a 26% stake from RBL Bank’s public shareholders.RBL Bank will see its net worth increase from INR 15,000 crore to INR 42,000 crore following the transaction.The deal also includes the amalgamation of Emirates NBD’s three India branches, located in Mumbai, Delhi, and Chennai, with RBL Bank. Upon completion of the transaction, Emirates NBD will be designated as the promoter of RBL Bank and will have the right to nominate directors to its board.RBL Bank serves about 15 million customers through a network of 564 branches spread across 28 states and union territories. As of September 30, 2025, RBL Bank's total deposits stood at INR 1,16,665 crore, and gross loans (advances) were at INR 1,02,350 crore.Ernst & Young LLP (EY), J.P. Morgan and NeoStrat Advisors advised Emirates NBD. Shardul Amarchand Mangaldas & Co acted as legal advisor for ENBD, and AZB & Partners was the legal advisor for RBL Bank.