RBL Bank Open Offer Corrigendum Updates RBI Conditions

Issued corrigendum to open offer documents for Emirates NBD's acquisition of 26% stake in RBL Bank at ₹280 per share.
RBI approved acquisition up to 74% stake but mandated governance changes requiring amendments to RBL Bank's articles of association.
RBI stipulations require RBL Bank to comply with foreign bank subsidiary governance norms and amend board composition rules.
Investment Agreement amended on April 11, 2026; shareholder approval via special resolution needed for articles changes.