RBL Bank's Q2 FY26 results. (Image: Vijay Sartape / NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

RBL Bank Ltd. approved raising up to Rs 26,853 crore via a primary stake sale to Dubai's state-owned lender Emirates NBD Bank, according to a regulatory filing on Saturday.

RBL Bank will sell 95.9 crore shares to Emirates NBD at Rs 280 each, which marks nearly a 7% discount to the stock's previous closing price. The fund infusion will result in a stake acquisition equivalent to 60% of the post preferential equity share capital of the bank. The India branch of Emirates NBD will be merged with RBL Bank following the fundraise.

NDTV Profit had reported on Oct. 13 that Emirates was set to buy a controlling stake in the Mumbai-based private bank for approximately

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