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Emirates NBD is set to subscribe to new RBL Bank shares at Rs 280 per equity share.
RBL Bank will hold an extraordinary general meeting on May 4 for shareholder approval of Emirates NBD's investment.
KEY POINTS
- 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.
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