Announced Thu, 18 Jun · 11:09 IST
RBL Bank allots shares to Emirates NBD; board reconstituted with 5 new directors
Management Changes View source PDF
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
+2.9%1-day move
₹369.15
prior close
₹373.40
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.0+0.1+0.2-0.4+2.9+2.2+0.7+2.3+1.2+0.0+3.0-0.1——
Up moveDown movePending
AI summary
RBL Bank allotted 92.91 crore equity shares to Emirates NBD at INR 280 each, raising about INR 2,601 crore. Emirates NBD is now classified as a promoter with 60% stake. Paid-up equity capital rose from INR 619 crore to INR 1,549 crore. Five ENBD nominee directors joined the board, while two non-executive directors (Gopal Jain and Veena Mankar) resigned to facilitate board reorganization.
Likely market impact
Major capital infusion from Emirates NBD giving them 60% promoter stake. Existing shareholders face significant equity dilution. Positive for bank stability and growth.