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Emirates NBD Bank (P.J.S.C.)
11 articles
Emirates NBD's ambitious effort to acquire a 26% stake in RBL Bank has faced an unexpected hurdle as the open offer, valued at approximately ₹117.35 billion, received zero share tenders. This outcome, disclosed by J.P. Morgan India, the offer manager, suggests limited appetite among public shareholders to sell at the offered price of ₹282.38 per share, despite a committee of independent directors deeming the price fair and reasonable. The delay in regulatory approvals necessitated an interest payment of ₹2.38 per share, and while the offer period is underway, the lack of initial response introduces uncertainty regarding Emirates NBD's ability to secure the targeted stake and potentially impacts the broader strategic rationale behind the investment.
Emirates NBD RBL Bank Open Offer 26% at ₹282.38
Emirates NBD Bank announces open offer for 26% of RBL Bank shares at ₹282.38 per share, totaling ₹117.35 billion.
The offer resulted in zero shares tendered by public shareholders according to the pos
Emirates NBD RBL Bank Open Offer Results
Emirates NBD Bank announces open offer results for 26% stake in RBL Bank at ₹282.38 per share.
No shares were acquired through the open offer tender process, resulting in zero acceptance.
Target compa
Emirates NBD RBL Bank Open Offer Zero Acceptance
Emirates NBD's open offer for 26% of RBL Bank at ₹282.38/share closed with zero shares tendered by public shareholders.
Acquirer instead acquired 60% stake (929.13M shares) via preferential allotment
RBL Bank Open Offer Receives Zero Share Tenders
Emirates NBD Bank's open offer for 26% of RBL Bank equity shares received zero tenders from public shareholders as of June 12, 2026.
The disclosure reflects 0 shares tendered in the escrow demat accou
Emirates NBD RBL Bank Open Offer Zero Shares Tendered
Discloses that zero equity shares were tendered by public shareholders in Emirates NBD's open offer for a 26% stake in RBL Bank.
The open offer is for 415,586,443 shares and is being managed by J.P. M
Emirates NBD RBL Bank Open Offer Zero Tenders
Disclosure confirms zero equity shares tendered in Emirates NBD's open offer for 26% stake in RBL Bank as of June 09, 2026.
The open offer is being made pursuant to SEBI SAST Regulations for acquisiti
RBL Bank Open Offer Receives Zero Share Tenders
• J.P. Morgan discloses zero equity shares tendered in Emirates NBD's open offer for 26% of RBL Bank.
• The offer seeks to acquire up to 415,586,443 shares from public shareholders as per SEBI takeove
Emirates NBD RBL Bank Open Offer Zero Shares Tendered
Discloses that 0 equity shares (0.00% of offer size) were tendered in Emirates NBD's open offer for 26% of RBL Bank as of June 04, 2026.
Clarifies that tendered shares are subject to validation and th
RBL Bank Open Offer Receives Zero Share Tenders
Disclosure confirms zero equity shares tendered in Emirates NBD's open offer for 26% of RBL Bank.
The offer size is 415,586,443 shares with nil acceptance in the escrow demat account as of June 3, 202
Emirates NBD RBL Bank Open Offer Corrigendum
Emirates NBD Bank announces an open offer for 26% of RBL Bank's equity shares at ₹282.38 per share, totaling ₹117.35 billion.
The offer includes an applicable interest of ₹2.38 per share due to a regu
Emirates NBD Launches ₹117.35B RBL Bank Open Offer
Emirates NBD Bank makes mandatory open offer to acquire 26% of RBL Bank's expanded voting capital at ₹282.38 per share, totaling ₹117.35 billion.
Offer triggered by investment agreement for preferenti