RBL Bank Open Offer: Emirates NBD Acquires 26% Stake

J.P. Morgan India Pvt Ltd, as the Manager to the Open Offer, has submitted an Issue Summary Document to BSE concerning an open offer by Emirates NBD Bank (P.J.S.C.) for RBL Bank Limited. The offer aimed to acquire up to 415,586,443 equity shares, representing 26.00% of the expanded voting share capital, at a price of INR 282.38 per share (INR 280 offer price + INR 2.38 interest). The total consideration for full acceptance was estimated at INR 117,353,299,774.34, payable in cash. However, the filing indicates that no shares were tendered in the open offer, resulting in zero shares acquired and nil consideration paid. Post-offer shareholding details are provided, referencing a separate issuance of subscription shares.