Emirates NBD Bank has announced an open offer to acquire up to 415,586,443 equity shares of RBL Bank, representing 26% of the expanded voting share capital. The offer price is set at ₹280.00 per share, with the total consideration amounting to ₹116,364,204,040. This move follows an investment agreement between Emirates NBD and RBL Bank, aimed at increasing Emirates NBD’s stake in the bank.
Open Offer Details
Emirates NBD Bank (P.J.S.C.) has announced an open offer to acquire up to 415,586,443 fully paid-up equity shares of RBL Bank Limited. This represents 26% of the expanded voting share capital of the Target Company.
Offer Price and Consideration
The offer price is ₹280.00 per equity share. The total consideration for this acquisition will be ₹116,364,204,040, assuming full acceptance of the offer.
Background and Rationale
The open offer is triggered by an investment agreement. Following the completion of the Open Offer, Emirates NBD is expected to hold significant shareholding and control over RBL Bank. The transaction is subject to required statutory approvals.
Shareholding Details
As of the Public Announcement date, Emirates NBD did not hold any equity shares in RBL Bank. Post offer, assuming full acceptance, Emirates NBD’s shareholding is expected to reach 74% of the expanded voting share capital.
Financial Arrangements
Emirates NBD has provided a bank guarantee of ₹12,386,450,000.00 to fulfill its obligations under the Open Offer.
Tentative Schedule
The tendering period for the open offer is expected to commence on December 12, 2025, and close on December 26, 2025.
Source: BSE
