The Exchange has sought clarification from RBL Bank Limited with respect to recent news item captioned RBL Bank shares drop 2% after lender denies report on Dubai-based Emirates NBD Bank eying minority stake. The response from the Company is awaited.
RBLBANK · price
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Awaiting price reaction for this filing.
The NSE has asked RBL Bank to clarify a recent news report that said Dubai-based Emirates NBD Bank is looking to pick up a minority stake in the company. RBL Bank has already publicly denied this report, after which its share price fell about 2%. The bank is yet to send its formal written response to the exchange. This is a standard process where the exchange checks with the company whenever a market-moving news item appears.
Short-term volatility is possible until the company sends its formal response, but since the bank has already denied the stake-sale report, the impact on shareholders may be limited. Investors should watch for the official response for confirmation.