RBL Bank denies reports of takeover talks with UAE’s Emirates NBD
MUMBAI: RBL Bank on Tuesday dismissed media reports claiming that Emirates NBD Bank PJSC, the second-largest lender in the United Arab Emirates (UAE), is planning to acquire a controlling stake in the Indian private sector bank.
MUMBAI: RBL Bank on Tuesday dismissed media reports claiming that Emirates NBD Bank PJSC, the second-largest lender in the United Arab Emirates (UAE), is planning to acquire a controlling stake in the Indian private sector bank.
In a clarification to the stock exchanges, RBL Bank said the reports were “incorrect” and that no such transaction is under discussion.
“The bank is on a growth trajectory and routinely explores opportunities that are aimed at enhancing shareholder value. However, such discussions do not warrant a disclosure under Regulation 30 of the Listing Regulations at this stage,” the bank said.
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