StockWatch
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Private Sector Bank
Open Offer29 May 2026, 02:27 pm

Emirates NBD Bank's Open Offer for 26% of RBL Bank at ₹282.38/share

AI Summary

J.P. Morgan India Pvt Ltd has submitted a Pre-offer advertisement cum corrigendum regarding an open offer for RBL Bank Limited. Emirates NBD Bank (P.J.S.C.) is the acquirer, seeking to acquire up to 415,586,443 equity shares, representing 26.00% of RBL Bank's Expanded Voting Share Capital. The offer price is set at ₹282.38 per Equity Share, which includes an offer price of ₹280 and applicable interest of ₹2.38. The total consideration, assuming full acceptance, amounts to ₹117,353,299,774.34. This advertisement serves as a continuation and corrigendum to previous public announcements and detailed public statements related to the open offer, published in various newspapers.

Key Highlights

  • Emirates NBD Bank launched an open offer for RBL Bank shares.
  • The offer aims to acquire 26% of RBL Bank's expanded voting capital.
  • Offer price is ₹282.38 per equity share, including interest.
  • Total consideration for full acceptance exceeds ₹117.35 billion.
  • J.P. Morgan India is managing the open offer process.