RBL Bank Board Approves ₹26,015 Cr Preferential Issue to Emirates NBD

RBL Bank's Board of Directors has approved a significant preferential issue of equity shares to Emirates NBD Bank (P.J.S.C) for an amount of ₹26,015.77 crore. This issuance involves 92,91,34,820 equity shares at ₹280 per share. The transaction will increase the bank's paid-up equity share capital substantially. Additionally, the Board approved the appointment of five new Non-Executive Non-Independent Directors nominated by ENBD and noted the resignation of two existing directors, Mr. Gopal Jain and Ms. Veena Mankar.