RBL Bank Allots Shares to Emirates NBD, Reconstitutes Board

RBL Bank Ltd announced the allotment of 92,91,34,820 equity shares to Emirates NBD Bank (P.J.S.C.) via preferential issue at ₹280 per share, totaling ₹26,015.77 crore. This allotment increases the bank's paid-up equity share capital significantly. Concurrently, the bank's Board approved the appointment of five new Non-Executive Non-Independent Directors nominated by Emirates NBD, subject to shareholder approval. The Board also noted the resignation of two existing Non-Executive Non-Independent Directors.