Bank denies news report of acquisition talks with First Abu Dhabi Bank
The Bank has issued a clarification on a news article published on October 27, 2026.
By ScoutQuest · · 1 min read
What the update says
The Bank has issued a clarification on a news item published on October 27, 2026, headlined "First Abu Dhabi Bank scouts for acquisition in India", in which the Bank was named as one of the banks.
The Bank states that it is not involved in any such discussion and that the reference to it in the article is factually incorrect. It categorically denies the reported speculation regarding any acquisition-related discussions or proposal involving the Bank and First Abu Dhabi Bank.
Why this update was made
The exchange headline describes it as a rumour verification under Regulation 30(11). This is the route a listed company uses to respond when a news report is attributed to it and needs to be confirmed, denied or clarified for the market.
What is being denied and what is not
- The Bank denies being part of any acquisition discussion or proposal with First Abu Dhabi Bank.
- The denial covers the reported speculation as described in the article.
- The update does not set out any transaction, term sheet, valuation or timeline, because the Bank says no such discussion exists.
What a reader should take away
A stock-exchange clarification of this kind settles the company's own position on a circulating report. Here the position is a denial, in categorical terms, of any acquisition discussion involving the named overseas bank.
No financial figures, share counts, deal values or timelines are part of this disclosure.
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