<h1>NBD Bank of UAE proposes a 60% acquisition of RBL Bank for Rs 26,853 crore, subject to regulatory approvals.</h1> Emirates NBD Bank proposes to acquire a 60% stake in RBL Bank by way of a preferential allotment aggregating Rs 26,853 crore, whereby the investor will acquire control and be classified as a promoter and RBL as a foreign-owned subsidiary, subject to conditions precedent including sufficiency of aggregate foreign investment limits, SEBI open offer obligations, shareholder approvals, increase in authorised share capital, and requisite RBI and FEMA consents and compliance with Banking Regulation Act and RBI Master Directions.