J.P. Morgan India Pvt Ltd ("Manager to the Open Offer") has infomed BSE regarding the updates on Open offer for acquisition of up to 415,586,443 equity shares of Rs. 10 each ('Equity Shares') ....
M&A
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 02 Jun 2026, 02:18 PM IST · BSE ID: 5333095b-3649-4f98-a94f-262074161ffd
View Original BSE Filing (PDF)
💡
In Simple Terms
No public shareholders submitted shares in Emirates NBD's open offer for RBL Bank, meaning zero shares were tendered.
🤖 AI Summary
- 0 (nil) Equity Shares of RBL Bank were tendered in Emirates NBD Bank's open offer.
- This represents 0.00% of the total offer size of 415,586,443 equity shares.
- The open offer was for acquiring 26.00% of RBL Bank's Expanded Voting Share Capital.
- Tendered shares are subject to validation and verification of submitted documents.
- The disclosure reflects shares in dematerialized form as of 17:09:09 pm on June 1, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Equity Shares Tendered
0 (nil) Equity Shares
Offer Size Percentage Tendered
0.00%
Total Equity Shares in Offer
415,586,443 equity shares
🏢 How This Affects the Company
The outcome of zero tendered shares introduces uncertainty regarding Emirates NBD's acquisition strategy and future stake in RBL Bank.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this specific filing as the tender period for the open offer appears to have concluded with no shares submitted.
👤
Who Is Affected
Public shareholders who were eligible to tender their shares in the open offer by Emirates NBD Bank were affected, as 0 (nil) shares were submitted in this process.
🔍
Management Signal
The filing indicates a factual update on the open offer process, showing the current status of share tendering for Emirates NBD Bank's proposed acquisition.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
RBL Bank's future disclosures on Emirates NBD's stake acquisition strategy.
Any revised open offer terms or public announcements from Emirates NBD Bank.
RBL Bank's next quarterly results for financial and operational updates.
MEDIUM RISK
The complete lack of participation in the open offer introduces uncertainty regarding the planned acquisition.
💡 Investor Takeaway
Emirates NBD Bank's open offer for RBL Bank saw 0 (nil) Equity Shares tendered by public shareholders, representing 0.00% of the 415,586,443 equity shares offered. This outcome implies no change in shareholding via this open offer as of June 1, 2026.
⚖️ Strengths & Concerns
⚠️ Concerns
- 0 (nil) Equity Shares tendered in the open offer indicates a lack of participation from public shareholders.
- The absence of tendered shares, representing 0.00% of the offer size, impacts the Acquirer's ability to increase stake through this specific offer.
📅 Company Track Record
A previous filing on April 2, 2026, indicated Emirates NBD Bank (P.J.S.C) received RBI approval to acquire up to a 74% stake in RBL Bank, with voting rights capped at 26%, subject to Government clearance.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
How many RBL Bank shares were tendered in Emirates NBD's open offer?
0 (nil) Equity Shares of RBL Bank were tendered in the open offer by Emirates NBD Bank, as reported on June 1, 2026.
What percentage of the open offer size was tendered for RBL Bank?
0.00% of the open offer size, which aimed to acquire up to 415,586,443 equity shares of RBL Bank, was tendered.
Who made the open offer for RBL Bank shares?
Emirates NBD Bank (P.J.S.C.) made the open offer for acquiring equity shares of RBL Bank from public shareholders.
Questions based on this BSE filing only. For information purposes.