Emirates NBD secures India nod to buy majority in RBL Bank in 3 billion dollar deal
Deal valued at 3 billion but stakes can jump
Emirates NBD has received all required approvals, including from the Government of India, to acquire a majority controlling stake in RBL Bank. First announced on October 18, 2025, the deal involves Emirates NBD subscribing to about 959 million fully paid equity shares via a preferential issue at ₹280 each, totaling roughly $3 billion. The investment is expected to position Emirates NBD as promoter, with final ownership potentially ranging from 51% to 74% after foreign ownership limits and a mandatory open offer. RBL will operate as a foreign bank subsidiary, with Emirates NBD’s India branch operations in Mumbai, Chennai, and Gurugram potentially amalgamated subject to further clearances.
- Emirates NBD got regulatory and Government of India approvals
- Deal size is about $3 billion (around ₹268.5 billion)
- Emirates NBD to buy ~959 million shares at ₹280 each
- Shares bought represent ~60% of RBL’s post-issue paid-up capital
- Final stake likely between 51% and 74% after open offer
- RBL expected to become a foreign bank subsidiary for RBI rules
This summarization was done by Beige for a story published on 
The Economic Times