https://www.taxtmi.com/news?id=72830 Foreign investment approval was granted for Emirates NBD Bank to acquire up to 74 per cent of the paid-up equity share capital of RBL Bank through a preferential issue, subject to customary conditions, applicable foreign ownership limits and the mandatory open offer process. The transaction contemplates Emirates NBD becoming the promoter and RBL Bank operating as a foreign bank subsidiary under the Reserve Bank of India framework, with the eventual amalgamation of Emirates NBD's India branch operations subject to further regulatory clearances. en-us Fri, 15 May 2026 22:16:03 +0530 Fri, 15 May 2026 22:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72830 Foreign investment approval was granted for Emirates NBD Bank to acquire up to 74 per cent of the paid-up equity share capital of RBL Bank through a preferential issue, subject to customary conditions, applicable foreign ownership limits and the mandatory open offer process. The transaction contemplates Emirates NBD becoming the promoter and RBL Bank operating as a foreign bank subsidiary under the Reserve Bank of India framework, with the eventual amalgamation of Emirates NBD's India branch operations subject to further regulatory clearances. News - Fri, 15 May 2026 22:16:03 +0530 https://www.taxtmi.com/news?id=72830