RBL Bank seeks shareholder approval for capital infusion, strategic merger

RBL Bank has called an Extraordinary General Meeting (EGM) on November 12, 2025, to seek shareholder approval for several key proposals, including a substantial increase in its authorized share capital from ₹1000,00,00,000 to ₹1800,00,00,000. This increase is necessary to accommodate a proposed preferential issue of up to 95,90,45,636 equity shares, valued at ₹280 per share, to Emirates NBD Bank (P.J.S.C.) for a total consideration of up to ₹268,53,27,78,080. This preferential issue, representing 60% of the post-issue equity share capital, is a cornerstone of a long-term strategic partnership aiming to strengthen RBL Bank's capital position and drive accelerated growth.

The EGM will also address the amendment of the Bank's Articles of Association to grant Emirates NBD Bank the right to nominate directors, subject to certain shareholding thresholds. Additionally, shareholders will vote on capping the aggregate foreign ownership in RBL Bank at 24% temporarily to facilitate the transaction. A significant resolution involves the amalgamation of Emirates NBD Bank's India Branch with RBL Bank, aiming to consolidate banking operations and leverage synergies.

The remote e-voting period for these resolutions will commence on November 7, 2025, and conclude on November 11, 2025. The board of directors has recommended all resolutions for approval, highlighting the benefits of enhanced capital, global expertise, and a stronger competitive position for RBL Bank.