RBL Bank Limited has informed the Exchange regarding 'Update regarding disclosure and announcement dated October 18, 2025'.
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Awaiting price reaction for this filing.
RBL Bank has updated the stock exchanges on the proposed investment by Emirates NBD Bank (P.J.S.C) through a preferential issue of equity shares, originally announced on October 18, 2025. The bank had applied to the RBI and Government of India to temporarily cap foreign shareholding at 24% on a fully diluted basis, but this request was not approved under existing rules. The bank and Emirates NBD continue to engage with regulators for the necessary approvals. Importantly, as per the latest shareholding pattern, Emirates NBD has enough foreign shareholding headroom to hold a minimum of 51% in the bank, which would make it the largest shareholder. Completion of the transaction remains subject to receiving all regulatory approvals and meeting conditions precedent under the investment agreement.
The update is a mixed signal — the deal is still progressing but the rejection of the 24% cap means the final foreign holding (potentially 51%+) will depend on fresh regulatory clearances. For shareholders, this remains a key positive catalyst as it would bring in a strong strategic investor, though timing and final approval risk remain.