Acquisitions19 Oct 2025, 04:02 am
Emirates NBD Bank to Acquire 26.00% Stake in RBL Bank for INR 116,364,204,040 via Open Offer
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 share, amounting to a total consideration of INR 116,364,204,040. The offer is being made in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. J.P. Morgan India Pvt Ltd has been appointed as the manager to the open offer.
Key Highlights
- Emirates NBD Bank to acquire 26.00% stake in RBL Bank for INR 116,364,204,040
- Open offer made under SEBI (SAST) Regulations, 2011
- Offer price set at INR 280.00 per share
- J.P. Morgan India Pvt Ltd appointed as manager to the open offer
- Offer not subject to any minimum level of acceptance