J.P. Morgan India Private Limited has submitted to the Exchange a copy of Letter of Offer.
RBLBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Emirates NBD Bank, a Dubai-based public joint stock company, is making an open offer to acquire up to 415.59 million equity shares (26% of expanded voting share capital) of RBL Bank Limited at ₹280 per share. This offer is being made pursuant to SEBI (SAST) Regulations following an underlying Investment Agreement. The maximum consideration aggregates to approximately ₹11,735 crore (including ₹989 crore in interest for delayed commencement). Emirates NBD will also subscribe to 959 million shares via a Preferential Issue at the same price. The offer was delayed due to SEBI's extended review process, and interest of ₹2.38 per share is being paid for the 31-day delay. The Tendering Period runs from June 1 to June 12, 2026.
This open offer presents an opportunity for RBL Bank shareholders to exit at ₹282.38 per share (including interest). The acquisition by a UAE-based bank signals potential foreign capital infusion into the private sector bank, though it may lead to reduced public shareholding below 25% if fully accepted.