Corrigendum to Emirates NBD Open Offer for RBL Bank Shares

Listed Co AcquisitionOpen Offer TriggeredStrategic 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

-1.5%Reaction day

₹321.00

prior close

₹316.20

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.4%-1.1% vs market

Private Sector Bank peers, median of 19sector-0.7%-0.8% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Smallcap 250 and 0.8 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

-0.7

10m

-0.2

15m

-0.2

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.5-0.4-1.1-0.7-0.8

Next day

-0.9+1.9-2.8+0.8-1.7

-1.7+2.8-4.5+1.0-2.7

-1.4+4.4-5.7+1.9-3.3

-1.3+4.0-5.3+1.3-2.7

+0.0+4.8-4.8+2.9-2.9

-2.5+5.3-7.9+1.8-4.4

15d

+4.9+9.4-4.5+5.5-0.6

+1.4+6.5-5.1-0.5+1.9

+16.3+9.8+6.5+8.2+8.1

+18.4+15.4+3.0+13.7+4.7

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 for RBL Bank shares has been updated via corrigendum. The offer remains for up to 415.59 million shares (26% of voting capital) at ₹280/share (~₹11,636 crore total). RBI approved acquisition of up to 74% (min 51%) on April 1, 2026 with conditions requiring board composition changes. Investment Agreement amended on April 11, 2026 to align with RBI stipulations. RBL Bank will seek shareholder approval via special resolution to amend its articles of association.

Likely market impact

Open offer advancing after RBI approval; shareholders to vote on board changes. Offer price unchanged at ₹280/share.