Acquisitions18 Oct 2025, 09:01 pm
Emirates NBD Bank to Acquire 26.00% Stake in RBL Bank for INR 116,364 Crore
AI Summary
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 26.00% of the expanded voting share capital of the bank. The offer is priced at INR 280.00 per equity share, aggregating to a total consideration of INR 116,364,204,040. The offer is being made pursuant to the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. J.P. Morgan India Private Limited has been appointed as the manager to the open offer.
Key Highlights
- Emirates NBD Bank to acquire 26.00% stake in RBL Bank
- Open offer for 415,586,443 equity shares at INR 280.00 per share
- Total consideration of INR 116,364,204,040
- Offer made pursuant to Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011
- J.P. Morgan India Private Limited appointed as the manager to the open offer