Emirates NBD completes acquisition of RBL Bank

Emirates NBD has completed its acquisition of RBL Bank through a preferential allotment of 929.1 million fully paid-up equity shares at Rs 280 per share, aggregating to about Rs 26,016 crore. As a result, RBL Bank's total share count has more than doubled to 1.5485 billion from about 619.4 million. The transaction marks one of the largest foreign strategic investments in an Indian private sector bank.