Shares of RBL Bank Ltd. witnessed profit booking on Thursday, October 23, after gaining nearly 12% in lights of the Emirates NBD deal. The stock has declined in three out of the last four trading sessions.

Shares had risen 10% on Monday after Emirates NBD Bank has announced that it will be investing up to ₹26,853 crore (approximately $3 billion) to acquire up to 60% stake in the private lender.

The investment will be via preferential equity issuance at ₹280 per share, with the lender's board approving the issuance and allotment of 96 crore new equity shares.

RBL Bank also also reported its September quarter results over the weekend , with its net interest income (NII) being largely in-line with estimates, led by marginal expansion in net interest margin (NIM), which increased by 1

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