RBL Bank Limited conducted a series of investor and analyst meetings in Mumbai on May 26, May 27, and May 29, 2026. The sessions involved interactions with Asit C. Mehta Investment Intermediates Ltd., MK Ventures, Edelweiss Asset Management, Ishana Capital Limited, C&S Investment Managers, and Ventura Securities Ltd. The bank confirmed that no unpublished price sensitive information (UPSI) was shared during the discussions.

The meetings were held pursuant to Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure regarding these interactions has been hosted on the bank’s website in compliance with Regulation 46(2) of the SEBI Listing Regulations.

Niti Arya, Company Secretary, signed the disclosure on behalf of RBL Bank Limited.

RBL Bank Limited has announced the receipt of the Letter of Offer dated May 22, 2026, issued by J.P. Morgan India Private Limited in connection with the open offer by Emirates NBD Bank (P.J.S.C.). The Acquirer has announced an open offer to acquire up to 415,586,443 fully paid-up equity shares, representing 26.00% of the Expanded Voting Share Capital of RBL Bank, from the public shareholders.

Offer Details

The open offer price is ₹282.38 per equity share, which includes the Offer Price of ₹280 and Applicable Interest of ₹2.38. The total consideration for the offer, assuming full acceptance, aggregates to ₹117,353,299,774.34. The offer is scheduled to open on June 1, 2026, and close on June 12, 2026.

Regulatory Approvals

The open offer follows the receipt of all Required Statutory Approvals, including the approval from the Government of India, Ministry of Finance (Department of Financial Services) dated May 14, 2026. This approval permitted the acquisition of equity shares in excess of 49% and up to 74% of the total paid-up equity share capital. The transaction also encompasses the preferential issue of up to 959,045,636 equity shares at ₹280 per share, aggregating to approximately ₹268,532,778,080.

Strategic Context

This development marks a significant step in the strategic investment by Emirates NBD, which is expected to unlock new international opportunities for RBL Bank. Upon completion, Emirates NBD will be recognized as the promoter, with RBL Bank operating as a foreign bank subsidiary. The transaction also envisages the eventual amalgamation of Emirates NBD's India branch operations into RBL Bank, subject to further regulatory clearances.

The information has been hosted on the Bank's website in compliance with Regulation 46(2) of SEBI Listing Regulations.