The Exchange has sought clarification from RBL Bank Limited with respect to recent news item captioned RBL Bank shares drop 2% after lender denies report on Dubai-based Emirates NBD Bank eying minority stake. The response from the Company is attached.
RBLBANK · price
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On the reaction day the stock moved 0.3 pts more than Nifty Smallcap 250 and 1.4 pts more than its Private Sector Bank peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RBL Bank has responded to NSE's query about a news article stating that Dubai-based Emirates NBD Bank was considering acquiring a minority stake in RBL Bank, which had caused the stock to drop around 2%. The Bank clarified that it routinely evaluates various growth opportunities in the ordinary course of business but has no undisclosed information that would require disclosure under SEBI LODR Regulation 30. It stated it is not aware of any undisclosed information explaining the share price movement and confirmed there is no material impact of the article on the Bank.
The Bank has effectively denied the Emirates NBD stake acquisition rumour, which may help stabilise the stock after the 2% drop, but continued uncertainty around potential investor interest could keep the shares volatile in the near term.