According to reports from CNBC TV18, Emirates NBD Bank has announced a ₹11,735 crore open offer to acquire up to 41.59 crore shares representing 26% of the expanded voting share capital in RBL Bank Ltd. The offer is priced at ₹282.38 per share, including the base offer price of ₹280 and ₹2.38 applicable interest. The open offer is not conditional, not subject to minimum acceptance levels, and not a competing offer.
As reported by CNBC TV18, shares of RBL Bank Ltd ended at ₹334.60, up by ₹6.15 or 1.87% on the BSE following the announcement. The minimum lot size for participation in the open offer is set at one equity share, with non-resident shareholders including NRIs, OCBs and FPIs eligible to participate subject to applicable regulatory approvals.
According to the report, the revised schedule shows the public announcement was made on October 18, 2025, followed by the detailed public statement on October 28, 2025, and published on October 29, 2025 in Mumbai Tarun Bharat. SEBI's observation on the draft letter of offer was received on April 13, 2026, with the identified date set for May 15, 2026. The tendering period is scheduled to open on June 1, 2026 and close on June 12, 2026. Price tweaks are allowed until May 29 if any changes occur.
As reported by CNBC TV18, RBL Bank has received the Letter of Offer dated May 22, 2026 from the manager, with JP Morgan India Private Ltd acting as the manager and MUFG Intime India Private Ltd as the registrar. The acquirer has stated that required statutory approvals have already been received, while any additional approvals, if required later, will apply before closure of the tendering period. The independent directors of the bank are scheduled to provide their recommendation on May 27, 2026. Payments or refunds will wrap up by June 29, 2026.
