Emirates NBD to invest $1.7 billion in RBL Bank, seeks majority control

Emirates NBD gets ready with $ 1.7 billion cheque to buy majority control of RBL Bank Emirates NBD Bank is in advanced talks to invest Rs 15,000 cr in RBL Bank, aiming to become its largest shareholder with a 51% stake. The deal, pending RBI approval, will expand the UAE bank's Asian footprint and tap into the India-Middle East remittance market. RBL Bank's share price has surged in anticipation of this significant foreign investment. Emirates NBD Bank PJSC, the second-largest bank in the UAE, is in advanced negotiations with RBL Bank to finalise a Rs 15,000 crore ($1.7 billion) investment and emerge as the single largest and controlling shareholder at the Indian private lender, said people involved in the matter.... https://lnkd.in/dZXVQuJr RBL Bank Emirates NBD بنك الإمارات دبي الوطني #Dubai #UAE #India #Banking arijit barman Via https://lnkd.in/fc5MgJX

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