J.P. Morgan, acting as the Manager to the Open Offer for RBL Bank, has announced that zero equity shares were tendered as of June 11, 2026. This represents 0.00% of the total offer size. The disclosure clarifies that this figure pertains to shares in dematerialized form submitted to the Open Offer Escrow Demat Account. Final acceptance of shares will depend on validation and verification of documents as per the SEBI (SAST) Regulations.
RBL Bank Open Offer Update: No Shares Tendered
In a significant update concerning the open offer for RBL Bank Limited, J.P. Morgan, acting as the Manager to the Offer, has reported that zero equity shares were tendered as of June 11, 2026. This represents 0.00% of the total offer size, which aimed to acquire up to 415,586,443 equity shares, equating to 26.00% of the expanded voting share capital.
Escrow Account Status
The announcement specifies that no shares were deposited into the designated Open Offer Escrow Demat Account. This account, named “MIIPL RBL BANK LTD OPEN OFFER ESCROW DEMAT ACCOUNT,” is managed by Ventura Securities Limited. The information is based on the statement received from Ventura Securities Limited as of 17:13:13 on June 11, 2026.
Clarification on Tendered Shares
J.P. Morgan has clarified that the reported figure exclusively reflects equity shares in a dematerialized form that were submitted to the Open Offer Escrow Demat Account. For clarity, any shares that were submitted are subject to thorough validation and verification processes, including the completeness of submitted documentation, as mandated by the relevant regulations and the Letter of Offer dated May 22, 2026.
The number of equity shares ultimately accepted by the Acquirer (Emirates NBD Bank (P.J.S.C.)) may differ from the initially reported number of tendered shares. All capitalized terms used in this disclosure, if not otherwise defined, are intended to carry the same meaning as established in the aforementioned Letter of Offer.
Source: BSE
