
Open Offer19 Jun 2026, 12:30 pm
RBL Bank: Emirates NBD Post-Offer Advertisement Filed
AI Summary
J.P. Morgan India Pvt Ltd, acting as the Manager to the Open Offer, has submitted a Post-Offer advertisement to BSE regarding Emirates NBD Bank's open offer for RBL Bank Limited. The offer aims to acquire up to 415,586,443 equity shares, representing 26% of the expanded voting share capital, at a price of INR 282.38 per share. The total consideration, assuming full acceptance, amounts to approximately INR 117.35 billion. This advertisement follows a series of previous announcements and filings related to the open offer, including the public announcement, detailed public statement, and letters of offer. The post-offer advertisement is published in accordance with SEBI (SAST) Regulations.
Key Highlights
- Emirates NBD Bank's open offer for RBL Bank shares is nearing completion.
- Offer price set at INR 282.38 per share.
- Acquisition targets 26% of RBL Bank's expanded share capital.
- Total potential transaction value exceeds INR 117 billion.
- Post-offer advertisement filed as per SEBI regulations.
Price Impact
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