RBL Bank open offer: no shares tendered by public shareholders

Open offerAcquisition announcedStrategic Transactions View source PDF Explain this filing

RBLBANK · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹379.15

prior close

₹380.35

announcement price

After-mkt

timing

Nifty Smallcap 250market+0.8%-1.3% vs market

Private Sector Bank peers, median of 19sector-0.1%-0.5% vs sector

On the reaction day the stock moved 1.3 pts less than Nifty Smallcap 250 and 0.5 pts less than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.1

10m

-0.3

15m

-0.3

30m

-0.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.5+0.8-1.3-0.1-0.5

Next day

-1.9+0.2-2.1-0.9-1.0

-0.4+0.4-0.8+0.4-0.9

-1.5-0.1-1.4-0.8-0.6

-3.8-0.5-3.3-0.6-3.2

-2.6+0.0-2.7-0.7-1.9

-6.4+1.5-7.9-0.0-6.4

15d

-0.6+1.5-2.1+0.8-1.4

-6.0+0.8-6.8+1.6-7.6

+2.6+3.7-1.1+5.0-2.4

+11.6+3.1+8.5-0.3+11.9

UpDownMarket · Nifty Smallcap 250Sector · Private Sector Bank peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Emirates NBD Bank's open offer to buy up to 415.59 million shares (26%) of RBL Bank from public shareholders at INR 282.38 per share closed with zero shares tendered. Post-offer, Emirates NBD holds 929,134,820 shares via a June 18 preferential issue, not via the open offer. Total offer value was about INR 117.35 billion at full acceptance.

Likely market impact

Zero public shares tendered, suggesting the offer price was below market value and shareholders preferred to hold. No fresh change in control from this open offer.