Emirates NBD to launch open offer for 26% stake in RBL Bank from June 1

Dubai-based Emirates NBD will launch its open offer on June 1 to acquire up to a 26% stake in RBL Bank from public shareholders at ₹282.38 per share, according to a letter of offer filed with exchanges. | Photo Credit: FRANCIS MASCARENHAS

Dubai's Emirates NBD will launch its open ​offer on June 1 to ‌acquire up to a 26% stake ​in RBL Bank ⁠from public shareholders at 282.38 rupees per share, according to a letter of ‌offer filed to exchanges.

* Public shareholders can tender ‌shares from June 1. ‌The offer ⁠will close on June ⁠12.

* The offer price of 282.38 rupees per share includes interest of 2.38 ​rupees, and reflects ‌around a 15% discount to RBL Bank stock's closing price on Friday.

* Total consideration for ‌the proposed acquisition will ​be 117.35 billion rupees, if the offer is fully ⁠accepted.

* In India, an open offer is a mandatory requirement ‌under acquisition rules, which require the buyer taking a substantial stake in a listed company to extend an exit opportunity to public shareholders.

* In October, ‌Emirates NBD announced plans to buy ​a majority stake in the Indian lender for $3 billion, ⁠one of the largest cross-border deals in ⁠India's financial sector.

* It received approval from India's ‌central bank in April, followed by government clearance last week. (Reporting ​by Nishit Navin; Editing by Shilpi Majumdar)

Published on May 23, 2026