RBL Bank Limited has allotted 92,91,34,820 equity shares to Emirates NBD Bank (P.J.S.C.) at Rs 280 per share on a preferential private placement basis. The total issue size aggregates Rs 26,015.77 crore. The board of RBL Bank approved the allotment at its meeting held on June 18, 2026.
Paid-up equity share capital of RBL Bank increased to Rs 1,548.56 crore, comprising 154,85,58,033 equity shares of Rs 10 each. Prior to the allotment, paid-up capital stood at Rs 619.42 crore with 61,94,23,213 equity shares. The issue price of Rs 280 per share includes a premium of Rs 270 over the face value of Rs 10.
Emirates NBD Bank now holds 60% of RBL Bank's total equity share capital. The investor has been classified as a promoter of the bank. Emirates NBD held no stake in RBL Bank prior to this allotment. The preferential issuance was made to a single investor.
The board appointed five nominees of Emirates NBD as additional non-executive non-independent directors. The appointees are Shayne Keith Nelson, Patrick John Sullivan, Neeraj Makin, Manoj Chawla, and Marwan Mahmood Mohammad Hadi. The appointments took effect from June 18, 2026 and are subject to shareholder approval.
Gopal Jain and Veena Mankar resigned as non-executive non-independent directors, effective from the conclusion of the board meeting on June 18, 2026. The board meeting commenced at 9:35 am and concluded at 10:45 am on the same day.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.