{"id":88296,"date":"2026-04-06T00:00:00","date_gmt":"2026-04-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/mena-india\/?p=88296"},"modified":"2026-04-06T09:55:03","modified_gmt":"2026-04-06T09:55:03","slug":"emirates-nbd-is-one-step-closer-to-acquiring-indias-rbl-bank","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/mena-india\/2026\/04\/06\/emirates-nbd-is-one-step-closer-to-acquiring-indias-rbl-bank\/","title":{"rendered":"Emirates NBD is one step closer to acquiring India\u2019s RBL Bank"},"content":{"rendered":"

War<\/strong> has not disrupted the India-UAE investment corridor<\/strong>, with Emirates NBD moving full steam ahead with its planned USD 3 bn acquisition of a 60% stake in Mumbai-based private sector lender RBL Bank, the Economic Times<\/a> reports, citing people it says are in the know. The bid reportedly secured approval from the Reserve Bank of India (RBI) a week after the Central Bank of the UAE signed off on the transaction. <\/p>\n

The RBI approved Emirates NBD\u2019s acquisition of <\/strong>up to <\/strong>74% of RBL<\/strong>, Reuters<\/a> reports, citing a statement from RBL. Voting rights, however, will be capped at 26%. <\/p>\n

What\u2019s next? <\/strong>The acquisition is reportedly on track for approval from the Securities and Exchange Board of India, the country\u2019s capital markets watchdog, with a mandatory open offer likely as early as this week.<\/p>\n

BACKGROUND-<\/strong> The takeover ran into regulatory friction<\/a> earlier this year, triggering change-of-control reviews across India\u2019s capital markets stack. The transaction \u2014 structured via a preferential equity issue of roughly INR 268.5 bn \u2014 also activates a mandatory open offer for up to an additional 26% at INR 280 per share. Emirates NBD shareholders signed off in February on folding its three-branch India network<\/a> (Mumbai, Gurugram, and Chennai) into RBL.<\/p>\n

REMEMBER- <\/strong>If the acquisition goes through, it will see Emirates NBD become the first foreign lender to take majority control of a profitable listed Indian bank.<\/p>\n","protected":false},"excerpt":{"rendered":"

A mandatory open offer will likely be triggered as soon as next week<\/p>\n","protected":false},"author":1,"featured_media":88297,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2433],"tags":[2494,2493,2402,2479,2438,2455,2432],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88296","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch","tag-banking","tag-emirates-nbd","tag-enterpriseam-india","tag-finance","tag-investment","tag-investment-watch","tag-ma-watch","wpautop","entry"],"acf":{"mongo_id":"5ec027f5-311a-4233-9eee-2c8e068f50ef","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1818.jpg","photo_position":"above","homepage_title":"","full_issue_title":"One 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