Emirates NBD-RBL Bank Deal: Local Shareholders Vote, Regulatory Nods In First Phase (Photo: Vijay Sartape/NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Shareholders of RBL Bank will first vote on the deal with Emirates NBD next month at the bank's annual general meeting.

According to R Subramaniakumar, MD & CEO of RBL Bank, once the shareholder nod is in place, both the domestic bank and the Dubai-based buyer will make an application with relevant regulators for approvals.

After the regulatory approvals, Emirates NBD will make an open offer for RBL Bank’s shareholders at Rs 280 a share. This is being conducted under a SEBI rule, which allows open offers to come before a preferential allotment in an equity fund raise.

Depending on shareholder interest in t

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