CCI Clears Emirates NBD-RBL Bank Deal, Tata Steel's Thriveni Pellets Acquisition

• The Competition Commission of India (CCI) has approved Emirates NBD Bank's acquisition of a controlling stake in RBL Bank Limited.
• Emirates NBD plans to acquire 51% to 74% shareholding in RBL Bank through an open offer, preferential allotment, and amalgamation of its India operations.
• Emirates NBD, headquartered in Dubai, UAE, operates globally with three branch offices in India, offering diverse banking services.
• Separately, CCI also approved Tata Steel Ltd's acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited (TPPL).
• TPPL sells iron ore pellets in India, and its subsidiary, Brahmani River Pellets Ltd, produces and sells iron ore pellets.

Why It Matters: CCI has approved two significant deals: Emirates NBD's controlling stake in RBL Bank and Tata Steel's acquisition of Thriveni Pellets.