Emirates NBD Bank to Acquire 26% Stake in RBL Bank for INR 116 Billion

Emirates NBD Bank (P.J.S.C.) has announced an open offer to acquire up to 415,586,443 fully-paid-up equity shares of RBL Bank Ltd, representing 26% of the Expanded Voting Share Capital of the Target Company, at a price of INR 280.00 per Equity Share. The total consideration of the offer is INR 116,364,204,040, payable in cash. The public announcement was made on October 18, 2025, and the detailed public statement was made on October 27, 2025. A corrigendum was made on November 3, 2025, and the draft letter of offer was issued on November 4, 2025.