A logo sits on display outside the main office for the Emirates NBD PJSC bank in Dubai, United Arab Emirates. Photographer: Christopher Pike/Bloomberg Show Quick Read Summary is AI Generated. Newsroom Reviewed

A mega deal announced on Saturday between Emirates NBD and RBL Bank is being tagged as the largest ever equity infusion into an Indian private bank. The transaction involves a $3 billion investment into RBL Bank, where Dubai’s second largest lender will own 60% stake.

The transaction is being done at a price of Rs 280 a share. Post the transaction, RBL Bank will become the India subsidiary of Emirates NBD. NDTV Profit was the first to report this transaction on October 13 , with details of the size of the investment and the stake purchase.

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