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

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.

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