Competition Commission of India (CCI) approves acquisition of 51% to 74% stake in RBL Bank Limited (RBL) by Emirates NBD Bank P.J.S.C. (ENBD)

Key facts

• The Competition Commission of India (CCI) approved the acquisition of a shareholding between 51% and 74% in RBL Bank Limited (RBL) by Emirates NBD Bank P.J.S.C. (ENBD) on 20 January 2026.
• The transaction includes a mandatory open offer under SEBI regulations representing up to 26% of the expanded voting capital of RBL.
• The deal involves a preferential allotment of equity shares amounting to up to 60% of the total paid-up equity share capital of RBL.
• The proposal includes the amalgamation of ENBD’s Indian banking operations, which operate through a network of 3 branches, into RBL on a going concern basis.