J.P. Morgan India Private Limited, as manager, issued a corrigendum on February 3, 2026, to the public announcement, detailed public statement, and draft letter of offer related to Emirates NBD Bank’s open offer to acquire up to 415,586,443 Equity Shares of RBL Bank Limited. This corrigendum addresses changes related to the regulatory approvals for change in control concerning RBL Bank’s licenses and registrations with SEBI, CDSL and NSDL.
Open Offer Details
Emirates NBD Bank (P.J.S.C.) has made an open offer to acquire up to 415,586,443 fully-paid-up equity shares of RBL Bank Limited at a price of ₹280 per Equity Share. This represents 26.00% of the expanded voting share capital of the Target Company.
Corrigendum Highlights
A corrigendum to the public announcement dated October 18, 2025, detailed public statement dated October 27, 2025, and draft letter of offer dated November 4, 2025, has been issued on February 3, 2026. This announcement addresses the changes to the Required Statutory Approvals.
Changes in Required Statutory Approvals
The definition of “Required Statutory Approvals” now includes obtaining approvals/no-objections from:
- SEBI for change in control in relation to the licenses held by the Target Company:
- SEBI registered banker to an issue
- SEBI registered merchant banker
- SEBI, the Central Depository Services (India) Limited (“CDSL”) and National Securities Depository Limited (“NSDL”) for change in control in relation to its depository participant registration.
The Target Company has submitted applications to SEBI, CDSL, and NSDL seeking the necessary approvals.
Other Key Points
All other terms and conditions of the Open Offer, Public Announcement, Detailed Public Statement, and Draft Letter of Offer remain unchanged.
Source: BSE
