RBL Bank allots 92.91 crore shares to Emirates NBD at INR 280 each

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RBLBANK · price

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

+0.3%Reaction day

₹369.15

prior close

₹373.60

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.7%-0.4% vs market

Private Sector Bank peers, median of 19sector+0.3%-0.0% vs sector

On the reaction day the stock moved 0.4 pts less than Nifty Smallcap 250 and in line with 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

-0.1

10m

+0.1

15m

-0.2

30m

+0.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.3+0.7-0.4+0.3-0.0

Next day

+2.9+1.2+1.7+0.0+2.9

+2.2+2.0+0.1-0.7+2.9

+0.7+1.4-0.7-1.8+2.5

+2.3+1.7+0.6-0.5+2.7

+1.2+1.2+0.0-1.8+3.0

+0.0+1.3-1.3-1.3+1.3

15d

+3.0+3.6-0.5+2.0+1.0

-0.1+3.0-3.1+1.6-1.7

+3.8+4.9-1.1-1.6+5.4

+10.5+4.5+6.0+0.4+10.1

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

RBL Bank allotted 92.91 crore equity shares to Emirates NBD Bank P.J.S.C. at INR 280 per share, raising about INR 26,016 crore via preferential issue on private placement basis. ENBD now holds 60 percent stake and is classified as promoter. Bank paid-up capital rose to INR 1,548.56 crore. Board appointed 5 ENBD nominee directors; Gopal Jain and Veena Mankar resigned.

Likely market impact

ENBD becomes 60 percent promoter with major control. INR 26,016 crore capital infusion, but massive dilution for existing shareholders.