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Akshay Patel

19th Jun · SEBI-Registered Analyst

Emirates NBD Bank acquired a 60% stake in $RBLBANK through a preferential allotment of 929,134,820 shares at ₹280 per share, totaling ₹26,015.77 crore. The acquirer's open offer for an additional 26% stake at ₹282.38 per share concluded with zero acceptances. The bank's board was reconstituted with five nominees from Emirates NBD, while two existing directors resigned. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.

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