Announced Fri, 19 Jun · 18:52 IST
Emirates NBD takes 60% control of RBL Bank via preferential issue; open offer sees zero tenders
Compliance View source PDF
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
-1.9%1-day move
₹379.15
prior close
₹380.35
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.3-0.3-0.4-1.9-0.4-1.5-3.8-2.6-6.4-0.6-6.0——
Up moveDown movePending
AI summary
Emirates NBD Bank (P.J.S.C.) has become the promoter of RBL Bank with a 60% stake after acquiring 929,134,820 shares through a preferential allotment at Rs 280 each on June 18, 2026. The parallel open offer for up to 26% (about 415.6 million shares at Rs 282.38, worth about Rs 117.35 billion) received zero tenders from public shareholders. Post-acquisition, public shareholding stands at about 40% of RBL Bank.
Likely market impact
Foreign promoter takeover complete; public shareholding drops to about 40%. Zero tenders in open offer signals shareholders did not find the offer price attractive.