J.P. Morgan India Private Limited has submitted to the Exchange a copy of Open offer for acquisition of up to 415,586,443 equity shares of Rs. 10 each ( Equity Shares ) of RBL Bank Limited ( Target Company ) representing 26.00% (twenty-six per cent.) of the Expanded Voting Share Capital from the Public Shareholders by Emirates NBD Bank (P.J.S.C.) ( Acquirer ) pursuant to and in compliance with the requirements of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended ( the SEBI(SAST) Regualtios ) (the Open offer/offer)
RBLBANK · price
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Dubai-based Emirates NBD Bank (P.J.S.C.) has announced an open offer to acquire up to 41.55 crore (415.58 million) equity shares of RBL Bank from public shareholders, representing 26% of the expanded voting share capital. Each share carries a face value of Rs. 10. The offer has been filed through J.P. Morgan India Private Limited and complies with SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, 2011. This follows the broader stake acquisition deal between Emirates NBD and RBL Bank. The open offer price and detailed timeline will be disclosed in the detailed public statement and letter of offer as per SEBI norms.
This open offer gives public shareholders a direct exit opportunity at a regulated price, which could trigger a re-rating of the stock depending on the offer price versus current market price. The 26% acquisition by a well-funded Gulf-based bank signals potential strategic strengthening and improved investor confidence in RBL Bank.