Date: June 19, 2026
Open Offer Details
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 (\"Target Company\").
Offer Terms:
- Represents 26.00% of the Expanded Voting Share Capital of the Target Company
- Offer Price: INR 280 per equity share
- Applicable Interest: INR 2.38 per equity share
- Total Price per Share: INR 282.38
- Total Consideration: 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
- Payment Method: Cash
Open Offer Results
Post-Tendering Stage Results:
- Number of fully paid-up shares acquired in offer: Nil (0.00%)
- Number of partly paid-up shares acquired in offer: N.A (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
Preferential Allotment
On June 18, 2026, the Target Company issued 929,134,820 Subscription Shares to the Acquirer pursuant to the Investment Agreement and the Preferential Issue.
Enclosures
Copy of Post-Offer Advertisement enclosed with the filing.