January 21, 2026 12:50 PM
CCI clears Emirates NBD’s acquisition of majority stake in RBL Bank
The Competition Commission of India has approved the proposed acquisition of a majority stake in RBL Bank Limited by UAE based Emirates NBD Bank, clearing the way for the UAE-based lender to take control of the Indian private sector bank. The approved transaction envisages Emirates NBD acquiring between 51 percent and up to 74 percent of RBL Bank’s shareholding. This will be carried out through a combination of a mandatory open offer under the SEBI (Substantial Acquisition of Shares and Takeo...