Emirates NBD triggers open offer and plans to control RBL Bank

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

+8.5%Reaction day

₹299.70

prior close

₹302.30

announcement price

After-mkt

timing

Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.5%+8.0% vs market

Private Sector Bank peers, median of 19sector+2.9%+5.6% vs sector

On the reaction day the stock moved 8.0 pts more than Nifty Smallcap 250 and 5.6 pts more 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

+1.4

10m

+1.7

15m

+2.4

30m

+3.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+8.5+0.5+8.0+2.9+5.6

Next day

+8.2+1.2+6.9+3.0+5.2

+6.1+1.0+5.1+4.7+1.3

+5.6+0.8+4.8+3.1+2.5

+7.6+1.5+6.1+5.3+2.2

+8.4+1.6+6.8+8.0+0.4

+8.4+2.0+6.4+5.3+3.1

15d

+6.6+0.3+6.4+8.5-1.9

+4.5-0.8+5.3+9.1-4.7

+1.4-3.0+4.4+8.9-7.5

-1.8-8.7+6.8+8.0-9.8

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 will make an open offer for up to 415,586,443 RBL Bank shares, equal to 26% of expanded voting capital, at Rs 280 per share in cash, implying up to Rs 116.36 billion. It also agreed to subscribe to up to 959,045,636 new shares for up to Rs 268.53 billion, targeting 51% to 74% ownership and sole control. The deal needs several approvals; RBL Bank is expected to remain listed.

Likely market impact

Eligible shareholders may tender at Rs 280 per share. Control could support the stock, but approval and closing risks remain.