J.P. Morgan India Private Limited submitted this issue summary document to the National Stock Exchange of India Ltd and BSE Limited regarding the open offer for RBL Bank Limited shares.
Emirates NBD Bank (P.J.S.C.) (the "Acquirer") announced an Open Offer to acquire up to 415,586,443 fully-paid-up equity shares of face value INR 10/- each from the Public Shareholders of RBL Bank Limited. This represents 26.00% of the Expanded Voting Share Capital of the Target Company.
The offer price was INR 282.38 per equity share, being the aggregate of (a) the Offer Price of INR 280 and (b) the Applicable Interest of INR 2.38 per Equity Share. The total consideration amounts to INR 117,353,299,774.34 (One hundred seventeen billion, three hundred fifty-three million, two hundred ninety-nine thousand, seven hundred seventy-four rupees thirty-four paise) assuming full acceptance, payable in cash.
The letter of offer was issued on May 22, 2026. This filing is made pursuant to SEBI circular SEBI/HO/CFD/PoD-1/P/CIR/2023/29 dated February 15, 2023 regarding Introduction of Issue Summary Document (ISD).
Post-Offer Results Summary:
- Number of fully paid-up shares acquired in offer: Nil (0.00%)
- Number of partly paid-up shares acquired in offer: Not Applicable (Target Company does not have any partly paid up equity shares)
- Number of fully paid-up shares acquired as % of paid-up capital: 0.00%
- Consideration paid in open offer (in INR): Nil
- Detail of interest paid due to delay in payment: Nil
Separate Preferential Allotment:
On June 18, 2026, 929,134,820 Subscription Shares were issued by RBL Bank Limited to Emirates NBD Bank pursuant to the Investment Agreement and the Preferential Issue.