Emirates NBD Bank (P.J.S.C.) has issued a corrigendum concerning its open offer to acquire up to 415,586,443 equity shares of RBL Bank. The corrigendum addresses changes related to regulatory approvals required due to proposed changes in control of RBL Bank’s intermediary licenses, including its banker to an issue and merchant banker licenses. This is further to the public announcement made on October 18, 2025.
Corrigendum to Open Offer
A corrigendum has been issued by Emirates NBD Bank (P.J.S.C.) regarding its open offer for the acquisition of up to 415,586,443 equity shares in RBL Bank. This announcement, dated February 3, 2026, addresses the need for additional statutory approvals related to changes in control of RBL Bank’s licenses.
Key Changes and Approvals
The primary reason for this corrigendum is the requirement to obtain prior approvals/no-objections for the change in control from SEBI, CDSL, and NSDL, specifically related to RBL Bank’s:
The regulatory changes necessitate that RBL Bank secures approval(s)/no-objection from SEBI for the change in control related to its SEBI-registered banker to an issue and merchant banker licenses, plus approvals from SEBI, CDSL, and NSDL for its depository participant registration.
Financial Details of the Offer
Emirates NBD Bank’s open offer remains for up to 415,586,443 fully-paid-up equity shares at a price of ₹280 per share. This represents 26.00% of the expanded voting share capital of RBL Bank.
Previous Announcements and Documents
This corrigendum should be read in conjunction with the initial public announcement dated October 18, 2025, the detailed public statement dated October 27, 2025, and the draft letter of offer dated November 4, 2025.
Source: BSE
