RBL Bank Limited has informed the Exchange regarding update on disclosures dated October 18, 2025 and April 11, 2026 under relevant provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015
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RBL Bank has received confirmation that Emirates NBD Bank (PJSC) has obtained approval from the Government of India, Ministry of Finance (Department of Financial Services) dated May 14, 2026, for its proposed acquisition in the Bank exceeding 49% and up to 74% of total paid-up equity share capital. This approval relates to the Investment Agreement dated October 18, 2025 between the investor and the Bank, which also includes the proposed amalgamation of Emirates NBD's existing Indian operations into RBL Bank. The preferential issue of equity shares to the investor remains subject to completion of customary conditions precedent as per the Investment Agreement (as amended).
This government approval is a significant positive step toward finalising a major stake acquisition by Emirates NBD, which will substantially alter RBL Bank's ownership structure and could trigger an open offer to minority shareholders under SEBI regulations.