RBL Bank Limited informs the exchange about Letter of Offer dated May 22, 2026.
RBLBANK · price
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Emirates NBD Bank, a Dubai-based lender, is making a mandatory open offer to public shareholders of RBL Bank to acquire up to 415,586,443 equity shares representing 26% of the Expanded Voting Share Capital. The offer price is ₹280 per share plus ₹2.38 applicable interest (total ₹282.38), amounting to a maximum consideration of approximately ₹11,735 crore. The offer was triggered following Emirates NBD's agreement to subscribe to a preferential issue of ~959 million new shares (taking its holding beyond the SEBI trigger threshold). All key regulatory approvals have been secured, including from DPIIT, CCI, CBUAE, and RBI. The tendering window opens June 1, 2026 and closes June 12, 2026, with payment by June 29, 2026. Interest of 10% per annum is being paid for the delayed commencement of the offer due to SEBI's extended review timeline.
RBL Bank shareholders can tender their shares at ₹282.38 per share. If fully accepted, Emirates NBD could hold up to 75% of RBL Bank post-transaction. The bank must maintain at least 25% public shareholding under listing rules, and any excess acceptance will be proportionately reduced.