Dubai’s Emirates NBD is set to launch its open offer on June 1, aiming to acquire up to a 26% stake in RBL Bank from public shareholders at a price of ₹282.38 per share, as indicated in a letter of offer submitted to stock exchanges.
Public shareholders will have the opportunity to tender their shares starting June 1, with the offer closing on June 12. The proposed offer price of ₹282.38 per share includes an interest of ₹2.38 and represents approximately a 15% discount to RBL Bank’s closing stock price as of last Friday.
If fully accepted, the total consideration for the acquisition is projected to be ₹117.35 billion. In India, regulatory requirements mandate that an open offer be extended when a buyer seeks a significant stake in a publicly listed company, providing an exit opportunity for existing shareholders.
In October, Emirates NBD announced plans to acquire a majority stake in RBL Bank for $3 billion, marking one of the largest cross-border acquisitions within India’s financial sector. The deal received approval from India’s central bank in April, followed by government clearance the previous week.
(Reporting by Nishit Navin; Editing by Shilpi Majumdar)
Published on May 23, 2026.
