RBL Bank Limited has informed the Exchange regarding Newspaper Advertisements
RBLBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Committee of Independent Directors (IDC) of RBL Bank has unanimously recommended the open offer by Emirates NBD Bank (P.J.S.C.) to acquire up to 41,55,86,443 equity shares (26% of expanded voting capital) at INR 280 per share plus INR 2.38 interest. The IDC found the offer price fair and reasonable as it equals the highest negotiated price and exceeds the 60-day volume-weighted average market price of INR 270.97. The offer was initially announced on October 18, 2025, with the letter of offer issued on May 22, 2026. J.P. Morgan India Private Limited is managing the offer. The IDC noted that the current market price (NSE: INR 334.35, BSE: INR 334.30 as of May 22, 2026) is higher than the offer price, advising shareholders to independently evaluate before tendering.
The recommendation is positive for the deal as independent directors found the price fair. However, shareholders may be hesitant since the market price exceeds the offer price. The open offer represents a potential 26% stake sale by public shareholders to the UAE-based Emirates NBD.