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July 5, 2025Dubai’s Emirates NBD explores stake in India-listed RBL Bank
Dubai-listed Emirates NBD is exploring the acquisition of a “significant minority” stake in Indian stock exchange-listed RBL Bank. The investment in the form of a preferential allotment is expected to serve as a capital infusion into the Indian private sector lender.
The UAE bank may own 15%-20% of the expanded equity capital base, below the open offer threshold, subject to regulatory approvals, the report said. The investment could reach an estimated INR3.17 billion ($369.40 million).
RBL is 100% publicly owned, with several local institutions holding small stakes. In April, British International Investment, the UK’s sovereign investment arm, sold its 3.82% stake. However, the deal is likely to take place at a premium to the current price, said one of the sources.
RBL Bank shares have surged over 21 per cent in the past month. In May, the Reserve Bank of India granted in-principle approval to Emirates NBD for setting up a wholly owned subsidiary in India.
