Emirates NBD, Dubai’s largest banking group, has announced an open offer to acquire up to 26% of RBL Bank at Rs 280 per share, valuing the deal at Rs 11,636 crore. The open offer, made in accordance with Sebi rules, follows the bank’s plan to acquire a majority stake in RBL Bank through a preferential […]
Shares of RBL Bank Ltd rose as much as 3.4% to a day’s high of Rs 300 on the NSE on Tuesday, October 14, as Emirates NDB Bank PJSC, the second largest bank in the UAE, entered advanced negotiations with RBL Bank to complete an investment of Rs 15,000 crore ($1.7 billion) and emerge as […]