Archive · 21 Jan 2026
CCI Approves Emirates NBD-RBL Bank and Tata Steel-Deals
The Competition Commission of India (CCI) has approved two big deals.
First, Emirates NBD, a bank from Dubai, will buy a large part of RBL Bank in India.
This means Emirates NBD will own between 51% and 74% of RBL Bank.
They will do this by buying shares and combining their Indian operations with RBL Bank.
Emirates NBD already has some branches in India and offers many banking services.
The second deal is about Tata Steel, a big steel company, buying a 50.01% stake in Thriveni Pellets Private Limited (TPPL).
TPPL sells iron ore pellets, and its subsidiary, Brahmani River Pellets Ltd, makes and sells these pellets.
Both deals needed the CCI's approval to go forward.
CCI approved Emirates NBD's acquisition of 51%-74% stake in RBL Bank.
Emirates NBD will acquire shares through an open offer, preferential allotment, and amalgamation of its India operations.
Emirates NBD operates in India through three branch offices and offers a wide range of banking services.
CCI also approved Tata Steel's acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL).
TPPL is engaged in the sale of iron ore pellets, with its subsidiary Brahmani River Pellets Ltd involved in production and sale.
- Who
- Competition Commission of India (CCI), Emirates NBD, RBL Bank, Tata Steel, Thriveni Pellets Private Limited (TPPL)
- What
- Approval of two major acquisition deals: Emirates NBD's acquisition of a controlling stake in RBL Bank and Tata Steel's acquisition of a 50.01% equity stake in TPPL.
- When
- The approvals were granted by the CCI.
- Where
- India
- Why
- To facilitate the proposed acquisitions and meet regulatory requirements.
- Emirates NBD
- Public joint stock company listed on the Dubai Financial Market, headquartered in Dubai, UAE.
- RBL Bank
- Indian private sector bank.
- Tata Steel
- Listed integrated steel producer with operations ranging from mining to steelmaking and downstream processing.
- Thriveni Pellets Private Limited (TPPL)
- Engaged in the sale of iron ore pellets in India.
- Brahmani River Pellets Ltd
- Wholly-owned subsidiary of TPPL involved in the production and sale of iron ore pellets.
