RBL Bank Approves ₹26,015 Crore Preferential Issue to Emirates NBD, Appoints 5 Directors
RBL Bank approved a preferential issue of 92.91 crore shares to Emirates NBD Bank for ₹26,015.77 crore at ₹280 per share. This makes Emirates NBD a promoter with a 60% stake. Five new directors were appointed, and two resigned.
The substantial equity infusion and change in promoter status will have a significant impact on the bank's capital structure, governance, and strategic direction.
The preferential issue of shares to a major entity like Emirates NBD and the appointment of new directors signifies significant strategic investment and strengthening of the board, which is positive for the bank's future growth and stability.
RBL Bank Limited announced today, June 18, 2026, that its Board of Directors has approved the allotment of 92,91,34,820 equity shares to Emirates NBD Bank (P.J.S.C) on a preferential basis. The issue price is ₹280 per equity share, aggregating to ₹26,015.77 crore. This allotment will increase the bank's paid-up equity share capital significantly.
Following this preferential issue, Emirates NBD Bank (P.J.S.C) will hold 60% of the bank's equity shares and has been classified as a promoter. The total number of equity shares of the bank will increase from 61.94 crore to 154.85 crore.
In addition, the Board approved the appointment of five new directors, nominated by Emirates NBD Bank: Mr. Shayne Keith Nelson, Mr. Patrick John Sullivan, Mr. Neeraj Makin, Mr. Manoj Chawla, and Mr. Marwan Mahmood Hadi. These appointments are effective from June 18, 2026, and are subject to shareholder approval. The Board also noted the resignations of Mr. Gopal Jain and Ms. Veena Mankar as Non-Executive Non-Independent Directors, effective from the conclusion of the board meeting on June 18, 2026, to facilitate board reorganization and due to other professional commitments, respectively.
The Board meeting commenced at 9:35 am and concluded at 10:45 am.
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RBL Bank Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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