Emirates NBD to acquire 60% stake in RBL Bank for ₹26,853 crore

The investment will involve a capital infusion of up to ₹26,853 crore at a price of ₹280 per share.

Summarized by AI ⓘ

What is the story about?

RBL

Bank on Saturday announced that Emirates NBD, one of the largest banking groups in the Middle East, will acquire up to a 60% stake in the Indian private lender.

The investment will involve a capital infusion of up to ₹26,853 crore at a price of ₹280 per share.

(This story is breaking now, more details coming soon)

More stories you might like

NewsBytes Auto

Self-driving cars in India could become reality thanks to NVIDIA
CNBC TV18 Market (Spaces)

Wakefit shares jump 9% as company returns to profit, margin expands sharply
CNBC TV18 Market (Spaces)

Q3 Results LIVE Updates: Wakefit becomes profitable, Edelweiss Financial profit up 112%
CNBC TV18 Market (Spaces)

Sensex Today | Stock Market LIVE Updates: Edelweiss Fin shares surge 5% after Q3 results; Nifty up 100 pts
CNBC TV18 Market (Spaces)

Sterlite Tech shares extend gains, hit fresh 52-week high; Stock surges 70% in a month
CNBC TV18 Business (Spaces)

Adani Enterprises receives information request from US regulator on alleged Iranian oil imports
CNBC TV18 Business (Spaces)

Insurance CEOs to meet IRDAI Chairman today to discuss commission regulations
CNBC TV18 Business (Spaces)

Over 100 US companies heading to India AI Summit, USISPF confirms
CNBC TV18 World (Spaces)

The US-India framework — Why it's a cautious step forward
CNBC TV18 Entertainment (Spaces)

Producer of Vijay’s Jana Nayagan to withdraw petition from Madras High Court: Timeline of the case

Emirates NBD to acquire 60% stake in RBL Bank for ₹26,853 crore

Related Stories

More stories you might like

Self-driving cars in India could become reality thanks to NVIDIA

Wakefit shares jump 9% as company returns to profit, margin expands sharply

Q3 Results LIVE Updates: Wakefit becomes profitable, Edelweiss Financial profit up 112%

Sensex Today | Stock Market LIVE Updates: Edelweiss Fin shares surge 5% after Q3 results; Nifty up 100 pts

Sterlite Tech shares extend gains, hit fresh 52-week high; Stock surges 70% in a month

Adani Enterprises receives information request from US regulator on alleged Iranian oil imports

Insurance CEOs to meet IRDAI Chairman today to discuss commission regulations

Over 100 US companies heading to India AI Summit, USISPF confirms

The US-India framework — Why it's a cautious step forward

Producer of Vijay’s Jana Nayagan to withdraw petition from Madras High Court: Timeline of the case

AI Generated