RBL Bank Limited has informed the Exchange regarding update on disclosure made on October 18, 2025.
RBLBANK · price
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RBL Bank has informed the exchange that Emirates NBD Bank (P.J.S.C) has received approval from the Central Bank of the UAE (dated March 24, 2026) for its proposed acquisition of a majority stake in RBL Bank. The approval also covers the proposed amalgamation of Emirates NBD's existing India operations into RBL Bank. The transaction remains subject to receipt of all other necessary regulatory approvals, such as from the RBI, SEBI, and CCI. This is an update to RBL Bank's earlier stock exchange disclosure on the same matter dated October 18, 2025.
This is a major positive development for RBL Bank shareholders, as a marquee global bank (Emirates NBD, one of the largest in the Middle East) is set to become the majority owner. The deal is now closer to completion after the home-country regulatory nod, and is likely to trigger a mandatory open offer for public shareholders. Short-term stock price could see volatility around the open offer price and deal timeline.