RBL Bank disputes report of Emirates NBD majority-control plan
RBLBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.0 pts more than Nifty Smallcap 250 and 2.3 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.
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RBL Bank told NSE that a report claiming Emirates NBD was preparing a $1.7 billion cheque to buy majority control was incorrect. The bank said it routinely reviews opportunities to enhance shareholder value, but the discussions did not require public disclosure at this stage. It said there was no undisclosed information explaining any share-price movement and no impact from the article.
No takeover or deal terms were confirmed. The denial may ease uncertainty over the reported plan, while RBL Bank said the article has no impact on the bank.