RBL Bank’s Board has approved its unaudited financial results for the quarter and half-year ended September 30, 2025, along with a major fund raise of Rs 26,853 crore from Emirates NBD Bank.
The fund raise will be done through a preferential issue of up to 95.9 crore equity shares at Rs 280 per share. After completion, Emirates NBD will acquire a 60% stake in RBL Bank and take control, becoming its promoter.
The deal also includes a scheme of amalgamation of Emirates NBD’s India Branch with RBL Bank. Under this, Emirates NBD will receive an additional 8.7 crore shares. The transaction is subject to regulatory approvals from RBI, DPIIT, CCEA, and other authorities. Until the deal is completed, RBL Bank will cap foreign ownership at 24%.
An extraordinary general meeting (EGM) is scheduled for November 12, 2025, to seek shareholder approval for the transaction. Separately, RBL Bank has also received RBI approval to acquire a stake in Utkarsh Small Finance Bank through its upcoming rights issue.
Key Highlights
- RBL Bank fund raise: Rs 26,853 crore from Emirates NBD.
- Preferential issue of 95.9 crore equity shares at Rs 280/share.
- Emirates NBD to acquire 60% stake and become promoter.
- Amalgamation of Emirates NBD India branch with RBL Bank included.
- Transaction requires approvals from RBI, DPIIT, CCEA, and other regulators.
- EGM scheduled on November 12, 2025, for shareholder approval.
- RBL Bank also approved to acquire stake in Utkarsh Small Finance Bank.
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