StockWatch
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Private Sector Bank
Investment18 Jun 2026, 11:05 am

RBL Bank Allots ₹26,015 Cr Shares to Emirates NBD

AI Summary

RBL Bank Limited announced the outcome of its Board Meeting held on June 18, 2026. The Board approved the allotment of 92,91,34,820 equity shares to Emirates NBD Bank (P.J.S.C) at ₹280 per share, totaling ₹26,015.77 crore. This preferential issue increases the bank's paid-up equity share capital significantly. Additionally, the Board approved the appointment of five new Non-Executive Non-Independent Directors nominated by Emirates NBD, subject to shareholder approval. The resignations of Mr. Gopal Jain and Ms. Veena Mankar as Non-Executive Non-Independent Directors were also noted.

Key Highlights

  • RBL Bank allots 92.91 crore shares to Emirates NBD for ₹26,015.77 crore.
  • Shareholder approval sought for five new ENBD nominated directors.
  • Two existing Non-Executive Non-Independent Directors resigned.
  • Bank's paid-up equity share capital increased substantially.