Announced Sat, 20 Jun · 11:05 IST
Emirates NBD completes 60 percent acquisition of RBL Bank, becomes promoter
RBLBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹379.15
prior close
₹380.35
base price
After-mkt
timing
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AI summary
Emirates NBD Bank PJSC has acquired 92.91 crore equity shares of RBL Bank at Rs 280 per share via preferential allotment, taking a 60 percent stake worth about Rs 26,853 crore. The UAE based bank is now the promoter and has control of RBL Bank. The accompanying open offer for 26 percent from public shareholders received zero tenders. The deal was first announced in October 2025.
Likely market impact
Major change of control with UAE bank Emirates NBD now as promoter. Minority shareholders get a strong foreign parent but face a governance and strategy shift.