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EMIRATES NBD STAKE
Emirates NBD completes acquisition of RBL BankThe investment was completed through a preferential allotment of 929.1 million fully paid-up equity shares of RBL Bank at Rs 280 per share,...- IDBI Bank share price rockets 19%. What’s triggering the massive surge?IDBI Bank shares rose sharply on Wednesday, extending a four-session rally amid heavy trading volumes and renewed optimism around the lende...
- RBL Bank taps HDFC veteran Bhavin Lakhpatwala as CFORBL Bank has appointed Bhavin Lakhpatwala as its new Chief Financial Officer. Lakhpatwala joins from HDFC Bank, bringing over 25 years of f...
- IDBI Bank stake sale back on table; Centre explores revival optionsThe bids remain ‘alive’ and the government is examining legal provisions under the tendering framework that allows for bids to be accepted ...
- Pvt sector deals are key to push India-United Arab Emirates ties ahead, says UAE MinisterIndia and UAE are set to boost their partnership through joint investments and improved logistics. The UAE's Minister of Foreign Trade high...
- Govt weighs options to revive stalled IDBI Bank privatizationIndian authorities are exploring ways to revive the long-delayed sale of a majority stake in IDBI Bank after bids fell short of expectation...
- Government gives final nod to Emirates NBD's $3 billion majority stake in RBL BankDubai's Emirates NBD has secured all necessary approvals for its significant investment in RBL Bank. This landmark deal, valued at approxim...
- Local legal eagles answer the 130-billion-dollar questionsIndian law firms are busier than ever, advising on thousands of deals worth billions. This activity spans mergers, private equity, and vent...
- RBL Bank Q4 Results: Profit soars 233% YoY to Rs 230 croreRBL Bank reported a significant three-fold surge in net profit for the fourth quarter, reaching Rs 230 crore, driven by robust business exp...
- RBI clears Emirates NBD to acquire up to 74% stake in RBL Bank; lender to become foreign bank post acquisitionEmirates NBD has received RBI approval to acquire up to 74% stake in RBL Bank, making it a foreign bank post-acquisition. Voting rights wil...
- RBL Bank gets RBI nod for Emirates NBD stake buy; Sebi approval awaitedRBL Bank has secured crucial approval from the Reserve Bank of India for its deal with Emirates NBD Bank. This clearance is expected to ini...
- UAE Central Bank clears Emirates NBD-RBL dealThe approval also covers the amalgamation of Emirates NBD's existing operations in India into RBL Bank, subject to the necessary regulatory...
- Emirates NBD Bank gets CCI's nod to acquire majority stake in RBL BankIndia's fair trade regulator, CCI, has approved Emirates NBD Bank's acquisition of a majority stake in RBL Bank. This move follows an agree...
- Emirates NBD proposes open offer to acquire 26% in RBLEmirates NBD Bank plans to acquire a 26% stake in RBL Bank via an open offer at ₹280 per share, totaling ₹11,636 crore. This move, part of ...
- Emirates NBD proposes to launch open offer for RBL Bank stake on December 12Emirates NBD Bank plans to acquire a significant stake in RBL Bank. An open offer at Rs 280 per share will commence from December 12. This ...
- Emirates NBD launches Rs 11,636 crore open offer for 26% in RBL BankEmirates NBD, Dubai’s largest bank, launched an open offer to acquire 26% of RBL Bank at ₹280 per share, following its ₹26,853 crore strate...
- RBL to seek DPIIT nod to raise its FDI ceiling to 74%RBL Bank plans to seek government approval to raise its foreign direct investment limit to 74% from 49%. This move is crucial for processin...
- RBL Bank–Emirates NBD deal set to close in 5–8 monthsRBL Bank anticipates its $3 billion share purchase deal with Emirates NBD to conclude within 5-8 months, with the full infusion expected th...
- Foreign firms being allowed to acquire Indian banks imprudent, poses substantial risks: CongressAs foreign investment in India's banking sector grows, recent acquisitions have caught the attention of many. The Congress party expresses ...
- Kotak to buy IDBI Bank? RBI identifies eligible bidders for state bank's stake saleThe Reserve Bank of India has approved Fairfax Financial Holdings, Emirates NBD, and Kotak Mahindra Bank as bidders for a majority stake in...
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