Emirates NBD's Open Offer For RBL Bank Enters Final Stage; Tendering Starts On 1st June

On Friday, the Indian equity benchmarks opened on a subdued note, with the benchmark Nifty 50 index trading at 23,894.45, down 12.70 points or 0.05 per cent during the morning session. Banking stocks remained in focus after fresh developments in the proposed acquisition of RBL Bank by Emirates NBD Bank (P.J.S.C.). In this segment, RBL Bank Ltd was trading at Rs 348.70, up 0.13 per cent from its previous close during the morning session on May 29, 2026.

RBL Bank Open Offer Moves Forward

RBL Bank informed the stock exchanges that J.P. Morgan India Private Limited, acting as manager to the open offer on behalf of Emirates NBD Bank (P.J.S.C.), has published a pre-offer advertisement and corrigendum related to the ongoing open offer process. The filing updates shareholders on the offer terms, revised timelines and other regulatory developments ahead of the tendering period.

The open offer is for the acquisition of up to 415.59 million equity shares of RBL Bank, representing 26 per cent of the expanded voting share capital. Emirates NBD Bank has offered Rs 282.38 per share, comprising an offer price of Rs 280 per share along with applicable interest of Rs 2.38 per share payable in cash.

Independent Directors Review Offer Price

The Committee of Independent Directors (IDC) of RBL Bank reviewed the offer documents and stated that the offer price of Rs 280 per share has been determined in accordance with the applicable provisions of the SEBI (SAST) Regulations and is fair and reasonable. The committee also noted that shareholders whose shares are accepted in the offer would receive additional interest of Rs 2.38 per share.

At the same time, the IDC highlighted that RBL Bank's market price on May 22, 2026 was above the offer price and advised shareholders to independently evaluate the open offer and prevailing market conditions before making any decision regarding tendering of shares.

Revised Tendering Timeline Announced

As per the revised schedule disclosed in the filing, the tendering period for the open offer will commence on June 1, 2026 and close on June 12, 2026. Shareholders whose shares are accepted under the offer are scheduled to receive consideration by June 29, 2026.

The filing further stated that the required statutory approvals relating to the transaction and open offer have been obtained as of the date of the Letter of Offer.

About RBL Bank

RBL Bank Limited is a private sector bank offering banking and financial services across retail banking, commercial banking, corporate banking, treasury operations and digital banking segments.

The bank provides loans, deposits, payment solutions, credit cards, wealth management services and transaction banking products through its branch network and digital platforms across India.

Disclaimer: This article is for informational purposes only and not investment advice.