RBL Bank Limited has informed the Exchange regarding Letter of Offer dated May 22, 2026.
RBLBANK · price
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Emirates NBD Bank (P.J.S.C.), a UAE-based bank, has issued a Letter of Offer for a mandatory open offer to acquire up to 415.59 million equity shares representing 26% of RBL Bank's expanded voting share capital from public shareholders. The offer price is ₹280 per share plus ₹2.38 applicable interest (for delayed commencement), totaling ₹282.38 per share, with maximum consideration of approximately ₹11,735 crore assuming full acceptance. The tendering period runs from June 1, 2026 to June 12, 2026. This open offer follows an underlying transaction where Emirates NBD will acquire a controlling stake through a preferential issue of 959 million shares. All required statutory approvals including DPIIT and CCI have been received.
Shareholders have an opportunity to tender shares at ₹282.38 per share, which represents a premium. If successful, Emirates NBD will become the controlling shareholder of RBL Bank, potentially changing the bank's ownership and strategic direction.