RBL Bank Limited has informed the Exchange about copy of draft letter of offer
RBLBANK · price
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RBL Bank has informed the exchanges about receiving the Draft Letter of Offer for an open offer by Emirates NBD Bank (P.J.S.C.), a Dubai-based bank. The offer is to acquire up to 415,586,443 equity shares (26% of the expanded voting share capital) at ₹280 per share, totalling up to ₹11,636 crore. Alongside this open offer, Emirates NBD will also subscribe to 959,045,636 fresh shares via a preferential issue at the same ₹280 price (about ₹26,853 crore), taking its combined holding up to 75% (capped per minimum public shareholding norms). A proposed amalgamation of Emirates NBD's India branch into RBL Bank is also part of the deal. J.P. Morgan India is managing the offer, with the tendering period scheduled from December 12 to December 26, 2025.
This is a landmark deal for RBL Bank shareholders, giving them a cash exit opportunity at ₹280 per share during the tender window. The entry of a major Gulf bank as the controlling shareholder could lead to re-rating of the stock, though it also means existing public shareholders will be substantially diluted down to a minimum 25% holding.