J.P. Morgan announced that 0 equity shares were tendered in the RBL Bank open offer as of June 12, 2026. This represents 0.00% of the total offer size. The shares were to be held in a designated escrow account. The announcement clarifies that tendered shares are subject to validation and verification, and the final accepted number may differ.
RBL Bank Open Offer Update
J.P. Morgan, acting as the manager to the open offer for RBL Bank Limited, has disclosed the number of equity shares tendered. As of June 12, 2026, zero (0) equity shares were tendered in the open offer. This represents 0.00% of the total offer size. The disclosed figure pertains to equity shares held in dematerialized form within the “MIIPL RBL BANK LTD OPEN OFFER ESCROW DEMAT ACCOUNT,” managed by Ventura Securities Limited.
Offer Details and Next Steps
The open offer aimed for the acquisition of up to 415,586,443 equity shares of RBL Bank Limited, representing 26.00% of the expanded voting share capital. The acquirer is Emirates NBD Bank (P.J.S.C.). It is important to note that all tendered equity shares are subject to validation and verification processes, including the submission of complete documentation. The number of shares ultimately accepted by the acquirer may differ from the number initially tendered.
Capitalized terms used in this announcement hold the same meaning as defined in the Letter of Offer dated May 22, 2026.
Source: BSE
