Overview

• Negotiations focus on an initial purchase of about 26% from investors followed by an open offer that targets roughly 51% ownership.
• Coverage diverges on size and structure, with one report citing over $1 billion and another reporting a Rs 15,000 crore ($1.7 billion) primary infusion via preferential shares and warrants.
• Any change of control would require RBI approval, and sources say foreign bank voting rights are likely to be capped at 26% even if the economic stake is higher.
• J.P. Morgan is reported to be advising Emirates NBD on the potential transaction, which neither bank has publicly confirmed.
• Deal talk comes as RBL’s latest quarter showed pressure on profit, margins and asset quality, strengthening the case for fresh capital.