DCB Bank Limited (NSEI:DCBBANK) made an offer to acquire Business of identified customers of Abu Dhabi Commercial Bank's two branches in India from Abu Dhabi Commercial Bank PJSC (ADX:ADCB) on July 16, 2019. DCB Bank Limited (NSEI:DCBBANK) entered into a definitive agreement to acquire Business of identified customers of Abu Dhabi Commercial Bank's two branches in India from Abu Dhabi Commercial Bank PJSC (ADX:ADCB) on September 5, 2019. Consideration shall be paid in cash. ADCB has granted exclusivity to DCB Bank for a period of 60 days to complete its due diligence and execute definitive documentation for the proposed acquisition, which will be subject to such regulatory approvals if required. DCB Bank will acquire assets of INR 7 billion and liabilities of approximately INR 11.8 billion of banking portfolio and sale will be made at par. Transaction will not have any impact on the profitability of Abu Dhabi Commercial Bank PJSC.

DCB Bank Limited (NSEI:DCBBANK) completed the acquisition of Business of identified customers of Abu Dhabi Commercial Bank's two branches in India from Abu Dhabi Commercial Bank PJSC (ADX:ADCB) on January 25, 2020.