Open Offer22 May 2026, 06:21 pm
RBL Bank: Emirates NBD Bank Open Offer at ₹280/Share
AI Summary
RBL Bank Limited announced the receipt of a Letter of Offer dated May 22, 2026, from Emirates NBD Bank (P.J.S.C.) regarding an open offer to acquire up to 415,586,443 equity shares of RBL Bank at a price of ₹280 per share, along with an applicable interest of ₹2.38 per share. This represents 26.00% of the expanded voting share capital. The total consideration for the acquisition is ₹117,353,299,774.34, payable in cash. J.P. Morgan India Private Limited is acting as the Manager for the Open Offer.
Key Highlights
- Emirates NBD Bank makes an open offer to acquire 26% of RBL Bank's equity shares.
- Offer price is ₹280 per share plus ₹2.38 interest, totaling ₹282.38 per share.
- Total consideration for the acquisition is ₹117,353,299,774.34.
- J.P. Morgan India Private Limited is the Manager for the Open Offer.
- The Letter of Offer is available on RBL Bank's website.
Price Impact
More from RBLBANK