An RBL Bank branch (Image: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Emirates NBD will invest $3 billion in RBL Bank Ltd., which will trigger an open offer, Chief Executive Officer R Subramaniakumar said.

The second largest bank of Dubai will buy a 60% stake in the Indian private bank through a preferential allotment. For the investment, up to 41.6 crore shares at Rs 280 apiece will get allotted to Emirates NBD on a preferential basis. An open offer is a consequence of preferential allotment, he said in the second-quarter conference call on Sunday.

The open offer will take place after all regulatory approvals. Preferential placement will be followed 15 days post open offer, he said.

Post the investment, RBL Bank's net worth will increase

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