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# RBL Bank Shareholders Approve Emirates NBD Deal at Extraordinary General Meeting
- URL: https://www.theglobalbanker.com/rbl-bank-shareholders-approve-emirates-nbd-deal-egm-november-2025/
- Published: 2025-11-12T12:17:00.000Z
- Updated: 2026-10-02T14:33:16.000Z
- Description: RBL Bank shareholders voted at an EGM on 12 November to approve the amalgamation of Emirates NBD's India branch into RBL Bank and authorise a preferential share allotment to the Dubai lender.
- Author: TGB Editorial Team
- Tags: M&A, Asia-Pacific, MENA, #archive

Shareholders of RBL Bank convened at an Extraordinary General Meeting on 12 November 2025 and voted to approve the key resolutions required to advance the proposed transaction with Emirates NBD, the Dubai-based banking group. The resolutions approved included an increase in the bank's authorised share capital and the adoption of the scheme of amalgamation under which Emirates NBD's India branch business will be merged into RBL Bank.

Shareholders also endorsed the governance framework put forward by Emirates NBD. 

#### PREFERENTIAL ALLOTMENT

Shareholders also approved the preferential allotment of shares to Emirates NBD, which plans to invest about ₹26,853 crore for a stake of up to about 60%. The allotment involves the issuance of new equity directly to Emirates NBD.

Preferential allotments to strategic investors in Indian banks require approvals beyond the shareholder vote itself, including clearance from the Reserve Bank of India.