CCI approves Emirates NBD's acquisition of up to 74% in RBL Bank
The Competition Commission of India on 20 January 2026 approved Emirates NBD Bank's proposed acquisition of between 51% and 74% of RBL Bank.
Summary
The combination involves a mandatory open offer under SEBI's takeover regulations for up to 26% of RBL's expanded voting capital, a preferential allotment of up to 60% of RBL's paid-up equity, and the amalgamation of Emirates NBD's Indian banking operations — run in branch mode through three branches — into RBL on a going-concern basis. Emirates NBD is a public joint stock company listed on the Dubai Financial Market and headquartered in Dubai, UAE.
Key facts
- Approved by
- Competition Commission of India, 20 January 2026
- Acquirer
- Emirates NBD Bank (P.J.S.C.), Dubai
- Target
- RBL Bank Ltd
- Stake
- Up to 74%, not less than 51%
- Routes
- Open offer up to 26%; preferential allotment up to 60%
- Amalgamation
- ENBD's 3 Indian branches into RBL
Practice MCQs 2 questions
In January 2026, the CCI approved the acquisition of a stake in which Indian bank by Emirates NBD?
Show answer
Correct answer: C — RBL Bank
PIB (CCI): the Commission approved Emirates NBD Bank's proposed acquisition of shareholding in RBL Bank Limited.
What range of shareholding in RBL Bank does Emirates NBD propose to acquire, as approved by the CCI?
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Correct answer: B — Not less than 51%, up to 74%
PIB (CCI): the combination envisages acquisition of up to 74% (and not less than 51%) of RBL Bank.