Announced Thu, 18 Jun · 11:00 IST
RBL Bank allots 92.91 crore shares to Emirates NBD at INR 280 each
Fund Raising View source PDF
RBLBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+2.9%1-day move
₹369.15
prior close
₹373.60
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1+0.1-0.2+0.2+2.9+2.2+0.7+2.3+1.2+0.0+3.0-0.1——
Up moveDown movePending
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.