Dubai’s Emirates NBD offers ₹38,000 crore deal to acquire 26% of RBL Bank at ₹280 a share

In a landmark foreign investment move, Emirates NBD has proposed an open offer to purchase a 26 percent stake in RBL Bank for ₹280 per share, valuing the transaction at approximately ₹38,000 crore. The acquisition plan aims to expand the UAE lender’s footprint in India’s private banking market and broaden RBL Bank’s institutional ownership. Subject to Reserve Bank of India approval, the deal could become one of the largest financial FDIs in Indian history. Analysts view this as a confidence boost for the domestic banking sector.