RBL Bank Limited informs the exchange about Pre-offer advertisement cum corrigendum to detailed public statement dated May 27, 2026 issued in connection with the open offer made by Emirates ....
RBLBANK · price
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Emirates NBD Bank (P.J.S.C.) is making a mandatory open offer to acquire up to 415.59 million equity shares (26% of expanded voting share capital) of RBL Bank Limited at INR 282.38 per share, totaling approximately INR 11,735 crore. The offer price includes INR 280 as base price plus INR 2.38 applicable interest for a 31-day delay in payment. The Independent Directors Committee has recommended the offer as fair and reasonable, noting it meets SEBI SAST Regulations pricing criteria. However, the committee has highlighted that current market prices (INR 334.35 on NSE) exceed the offer price, advising shareholders to evaluate independently. The Acquirer intends to retain RBL Bank's listing and acquire sole control, with no competing offers in place.
Shareholders face a choice between tendering at INR 282.38 (below current market price) or holding for potential gains. The open offer is part of a larger transaction where Emirates NBD will acquire over 25% stake and control of the bank, making this a significant ownership change.