RBL Bank Limited has informed the Exchange regarding Pre-offer advertisement cum corrigendum to the detailed public statement dated May 27, 2026 issued in connection with the open offer, made by Emirates NBD Bank (P.J.S.C.) for acquisition of the equity shares of the Bank.
RBLBANK · price
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Emirates NBD Bank (P.J.S.C.) is making a mandatory open offer to acquire up to 415.6 million equity shares (26% of Expanded Voting Share Capital) of RBL Bank Limited at INR 282.38 per share (INR 280 offer price plus INR 2.38 applicable interest), totaling approximately INR 11,735 crore. The offer was triggered following an Investment Agreement where Emirates NBD will acquire over 25% equity and control of RBL Bank. The Independent Directors' Committee has unanimously recommended shareholders find the price fair and reasonable, though current market price (INR 334.35 on NSE as of May 22, 2026) is higher than the offer price. The Acquirer intends to retain RBL Bank's listing and acquire sole control. Additionally, a proposed amalgamation scheme has been approved by CCI, under which Emirates NBD's India branches would be transferred to RBL Bank.
Shareholders have an open offer at INR 282.38 versus current market price of INR 334+, suggesting the offer may see low acceptance. The acquisition marks a major ownership change with potential strategic implications for RBL Bank under a foreign banking group's control.