Emirates NBD Takes 60% Stake in RBL Bank, Doubling Share Count
Emirates NBD closed its preferred‑share allotment, paying Rs 28,000 per share for 929.1 million shares, valuing the deal at about Rs 26,016 crore. The transaction gives the Dubai‑based lender a 60% holding in RBL Bank and more than doubles the Indian bank’s total share count, shifting control to five new Emirati directors.