Emirates NBD PJSC (ENBD) plans to inject approximately $3 billion USD into RBL Bank, acquiring up to a 60% stake through a preferential issue, which will trigger a mandatory open offer. This transaction includes the amalgamation of ENBD’s Indian branches with RBL Bank. The deal is subject to regulatory approvals and standard closing conditions. This infusion will result in RBL Bank’s net worth increasing to over Rs. 42,000+ crore.
Strategic Investment Overview
Emirates NBD PJSC (ENBD) will infuse approximately $3 billion USD into RBL Bank through a preferential issue. This investment will give ENBD up to a 60% stake in RBL Bank, leading to a mandatory open offer for existing shareholders.
Key Transaction Details
The preferential allotment includes up to 95,90,45,636 shares at ₹280 per share. ENBD is required to make a mandatory open offer for 41,55,86,443 shares, representing 26% of the expanded capital, also at ₹280 per share.
Regulatory and Operational Impacts
To comply with regulations, ENBD’s existing branches in India will merge with RBL Bank. Shareholders must approve the transaction and it also needs regulatory approval from RBI, SEBI, CCI, DPIIT, and the Central Bank of UAE.
Future Implications for RBL Bank
This capital infusion is expected to triple RBL Bank’s net worth to over Rs. 42,000+ crore. RBL Bank anticipates accelerated expansion in branches, digital platforms, and customer engagement. The bank also aims to improve its credit rating and strengthen its balance sheet.
Key Financial Highlights
Post infusion, RBL Bank will see its total assets rise, in conjunction with an anticipated rise in deposits and advances. RBL Bank’s total assets were valued at $18 billion (INR 1,53,988 cr) as of September 2025.
Source: BSE
