Emirates NBD is eying a 60% stake in Mumbai-based private lender RBL Bank, after factoring in the mandatory open offer, sources with knowledge of the matter told CNBC-TV18.

The pricing of the transaction is likely to be calculated as per the SEBI formula and may not be with a significant premium to the lender's current market price.

Emirates NBD is likely to acquire shares through a fresh equity issuance to its wholly-owned subsidiary, which would mean that the entire investment will be directly infused into RBL Bank by Emirates NBD.

The deal, which is likely to be announced in the coming few days, has received informal approval from the Reserve Bank of India (RBI) for a change of control, as per people in the know.

Formal submissions to the regulator will follow once both RBL Bank and

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