Shares of RBL Bank Ltd rose nearly 2% to ₹295.75 in early trading on Monday, October 14, following reports that Dubai-based banking major Emirates NBD is in advanced discussions to acquire a majority stake in the private sector lender.
According to a Moneycontrol report citing multiple industry sources, Emirates NBD has been in talks with RBL Bank for several months and is interested in acquiring over 51% stake in the company. The discussions, however, are still ongoing, and no final agreement has been reached yet.
“Both parties have been in talks for the past few months and Emirates NBD is keen on picking up more than 51 per cent stake in RBL Bank. They feel it’s a good asset and are pursuing the deal for commercial reasons,” a person familiar with the matter said.
The report added that the terms of the potential deal are yet to be finalized, and there is no certainty that the discussions will culminate in a transaction.
Notably, RBL Bank currently has 100% public shareholding, with no promoters on record — making it an open acquisition target for strategic investors.
At the time of reporting, RBL Bank’s stock was trading between ₹294 and ₹297, compared to its previous close of ₹290. The lender’s market capitalization stood at around ₹17,690 crore.
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