Open Offer2 Jun 2026, 02:20 pm
RBL Bank Open Offer: Zero Shares Tendered as of June 1, 2026
AI Summary
J.P. Morgan India, acting as the Manager to the Open Offer for RBL Bank, has reported that zero equity shares have been tendered by public shareholders into the designated escrow demat account as of June 1, 2026. The offer involves the acquisition of up to 415,586,443 equity shares, representing 26% of the expanded voting share capital, by Emirates NBD Bank (P.J.S.C.). The manager clarified that tendered shares are subject to validation and verification processes as per SEBI (SAST) regulations and the Letter of Offer dated May 22, 2026.
Key Highlights
- Zero equity shares have been tendered in the Open Offer as of June 1, 2026.
- Emirates NBD Bank is seeking to acquire up to 26% of RBL Bank's expanded voting share capital.
- Tendered shares remain subject to validation and verification against the Letter of Offer requirements.
- The final number of accepted shares may differ from the total number of shares tendered.
Price Impact
More from RBLBANK