Emirates NBD to acquire majority stake - RBL Bank Ltd

Code BSE: 540065 NSE:

Emirates NBDto acquire controlling stake in RBL Bank through a primary infusion of approximately USD 3bn ( INR 26,850 cr). The proposed transaction underscores Emirates NBD long-term commitment to the Indian market and is a landmark transaction for the Indian financial services sector on account of: a) Largest ever foreign direct investment in the Indian financial services sector b) Largest ever equity fund raise in the Indian banking sector c) Largest fund raise via preferential issuance by a listed company in India d) First acquisition of majority interest in a profitable Indian bank by a foreign bank