Emirates NBD pursues IDBI Bank acquisition amid RBL deal
pre-market1 source ↓written by the desknot a recommendation
- deal
- $3 billion
- in RBL Bank
- 60% stake
Emirates NBD continues to pursue the acquisition of IDBI Bank despite its recent $3 billion deal for a 60% stake in RBL Bank. Sources indicate that IDBI Bank's scale and government ties make it appealing to foreign investors. The Indian government aims to finalize the stake sale by FY26, divesting a combined 60.7% stake including shares from LIC.
Not investment advice. For informational purposes only.