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      Question

      Under the Emirates NBD-RBL Bank deal, Emirates NBD

      received approval to acquire an initial controlling stake of up to 60%, with an open offer for an additional what percentage?
      A 14% Correct Answer Incorrect Answer
      B 20% Correct Answer Incorrect Answer
      C 26% Correct Answer Incorrect Answer
      D 30% Correct Answer Incorrect Answer
      E 35% Correct Answer Incorrect Answer

      Solution

      Emirates NBD received approval to acquire an initial controlling stake of up to 60%, with an open offer for an additional 26% stake. This will raise its holding in RBL Bank to 74%. The transaction involves issue of up to 95.91 crore equity shares at Rs 280 per share.

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