Emirates NBD Bank to Acquire 26% Stake in RBL Bank for INR 116.36 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 Limited, representing 26% of the expanded voting share capital of the bank. The offer is at a price of INR 280.00 per equity share, aggregating to a total consideration of INR 116,364,204,040. The public announcement was made on October 18, 2025, and the detailed public statement was published on October 28, 2025, in Financial Express (English — All editions), Jansatta (Hindi — All editions) and Tarun Bharat (Marathi — Kolhapur Edition).