Announced Mon, 13 Apr · 08:26 IST
Corrigendum to Emirates NBD Open Offer for RBL Bank Shares
RBLBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹321.00
prior close
₹316.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.7-0.2-0.2-0.1-0.9-1.7-1.4-1.3+0.0-2.5+4.9+1.4+16.3+18.4
Up moveDown movePending
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.