SEBI Approves Emirates NBD Stake Purchase in RBL Bank
India's markets regulator cleared the change of control at RBL Bank. The move follows a three billion dollar bid by Emirates NBD to acquire a majority stake.
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EMIRATES NBD PJSC secured approval from India's market regulator to acquire a 60% stake in RBL BANK LTD for $3 billion. The Securities and Exchange Board of India cleared the change of control on April 29, following prior approval from the central bank. This transaction transforms RBL into a foreign bank subsidiary, marking a major cross-border shift in India’s financial landscape.
