Emirates NBD Bank and RBL Bank Limited today announced the successful completion of Emirates NBD’s acquisition of a majority stake in RBL Bank through a primary infusion of approximately $2.75 billion (~INR 260 billion).
Leading UAE bank Emirates NBD has announced plans to acquire a majority stake in RBL Bank, one of India’s leading listed private sector banks, through a primary infusion of $3 billion, the largest FDI and equity raise in the Indian banking sector till date.
