India's RBL Bank says request to cap foreign shareholding at 24% denied

RBL Bank

31/12/2025 12:35

Dec 31 (Reuters) - India's RBL Bank RATB.NS said on Wednesday that authorities have rejected its request to temporarily cap foreign shareholding in the lender at 24%, as it seeks regulatory clearances for Emirates NBD's proposed equity investment.

In October, Dubai's Emirates NBD ENBD.DU announced a plan to buy 60% stake in RBL Bank for $3 billion.

RBL said that Emirates NBD has sufficient foreign shareholding headroom to acquire at least a 51% stake in the bank and both parties are engaging with the regulators for approvals.

 (Reporting by Nishit Navin in Bengaluru; Editing by Mrigank Dhaniwala)

 ((Nishit.Navin@thomsonreuters.com;))