India, June 19 -- RBL Bank on Thursday said it will allot equity shares worth Rs 26,015 crore to Emirates NBD Bank, and has classified the Dubai-based bank as a promoter with a 60 per cent holding. In a regulatory filing, RBL Bank said its board has approved the allotment of over 92.91 crore equity shares at Rs 280/share, aggregating to Rs 26,015 crore by way of a preferential issue on a private placement basis.

"Emirates NBD Bank (PJSC) has been classified as a promoter of the Bank," RBL Bank said in the filing. Also, RBL Bank has approved the reconstruction of its board. Shayne Keith Nelson, Patrick John Sullivan, Neeraj Makin, Manoj Chawla and Marwan Mahmood Mohammad Hadi have been appointed as (Additional) Non-Executive Non-Independe...