Announced Fri, 19 Jun · 18:39 IST
RBL Bank open offer: no shares tendered by public shareholders
RBLBANK · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹379.15
prior close
₹380.35
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.3-0.3-0.4-1.9-0.4-1.5-3.8-2.6-6.4-0.6-6.0——
Up moveDown movePending
AI summary
Emirates NBD Bank's open offer to buy up to 415.59 million shares (26%) of RBL Bank from public shareholders at INR 282.38 per share closed with zero shares tendered. Post-offer, Emirates NBD holds 929,134,820 shares via a June 18 preferential issue, not via the open offer. Total offer value was about INR 117.35 billion at full acceptance.
Likely market impact
Zero public shares tendered, suggesting the offer price was below market value and shareholders preferred to hold. No fresh change in control from this open offer.