# Emirates NBD is set to subscribe to new RBL Bank shares at Rs 280 per equity share.

*business · news · 2026-04-11 · NDTV Profit*

## Key points

- RBL Bank will hold an extraordinary general meeting on May 4 for shareholder approval of Emirates NBD's investment.
- Emirates NBD is set to acquire up to 74% of RBL Bank's paid-up share capital, as approved by RBI.
- The deal allows Emirates NBD to nominate all non-independent directors if it holds over 50% of RBL Bank.
- The transaction is expected to close in the first quarter of FY27, pending remaining approvals.

**Companies:** Emirates NBD, RBL Bank Ltd.
**Countries:** India, United Arab Emirates

[Read the full story on NDTV Profit](https://www.ndtvprofit.com/business/rbl-bank-calls-for-shareholder-vote-on-emirates-nbd-deal-11343143)

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