Emirates NBD to acquire up to 60% in RBL Bank; open offer at Rs 282.38 per share

Open Offer TriggeredListed Co AcquisitionStrategic Transactions View source PDF Explain this filing

RBLBANK · price

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

-2.5%Reaction day

₹346.95

prior close

₹342.40

announcement price

In-mkt

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.8%-1.7% vs market

Private Sector Bank peers, median of 19sector-0.7%-1.8% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Smallcap 250 and 1.8 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.

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Reaction day

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Next day

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+2.0+0.4+1.7-0.8+2.9

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15d

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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, a Dubai-based lender, will acquire up to 60% in RBL Bank via preferential issue at Rs 280 per share (total Rs 26,853 crore). It has launched a mandatory open offer for 26% more shares (41.56 crore) at Rs 280 plus Rs 2.38 interest per share, totaling about Rs 11,735 crore. Tendering: June 1 to June 12, 2026. Post-deal, Emirates NBD will become RBL Bank's promoter and merge its India branch with the bank.

Likely market impact

Shareholders can tender shares at Rs 282.38 from June 1-12, 2026. Non-tendering shareholders will become minority investors in a bank now controlled by Emirates NBD.