Emirates NBD Bank (P.J.S.C.) reported that 0 equity shares were tendered in its mandatory open offer to acquire up to 415,586,443 equity shares of RBL Bank Limited , representing 26.00% of the expanded voting share capital. The disclosure, based on the Open Offer Escrow Demat Account statement as of 16:53:48 on June 3, 2026, indicates 0.00% acceptance of the offer size at this reporting stage. The offer price was set at ₹280.00 per share, with an applicable interest of ₹2.38 per share, totaling a maximum consideration of ₹117,353,299,774.34.

The open offer, scheduled to commence on 01 June 2026 and close on 12 June 2026, is not conditional upon a minimum level of acceptance. The transaction is subject to proportionate reduction under Regulation 7(4) of the SEBI (SAST) Regulations to ensure the acquirer's shareholding does not exceed 75.00% of the Expanded Voting Share Capital. The acquirer also agreed to subscribe to 959,045,636 equity shares via a preferential issue at ₹280.00 per share.

Offer Details

Statutory Approvals and Conditions

The transaction requires all Required Statutory Approvals, including those from the Reserve Bank of India (RBI), the Competition Commission of India (CCI), and the Department for Promotion of Industry and Internal Trade (DPIIT). Approval from the Central Bank of United Arab Emirates (CBUAE) has also been received. The offer is open to all public shareholders, though non-resident shareholders must submit requisite RBI approvals to tender shares.

Financial Arrangements

Emirates NBD Bank provided a bank guarantee of ₹12,386,450,000.00 and deposited ₹1,163,650,000.00 in cash into an escrow account, with an additional ₹108,810,000.00 for applicable interest. The acquirer certified adequate financial resources to meet obligations. The offer price was determined as the highest of the negotiated price and the volume weighted average market price for the 60 trading days preceding the Public Announcement. The applicable interest accounts for a 31-day delay in the tendering period commencement.

RBL Bank held a one-on-one investor meeting with IIFL Capital Asset Management Ltd in Mumbai on June 2, 2026. The meeting was conducted physically to discuss the bank's performance and strategy. No unpublished price sensitive information (UPSI) was shared during the discussion.

The meeting was held pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure has been made in compliance with Part A of Schedule III of the regulations.

Meeting Details

In compliance with Regulation 46(2) of the SEBI Listing Regulations, the information regarding the meeting has been hosted on the bank’s website. The intimation was signed by Niti Arya, Company Secretary of RBL Bank Limited.