J.P. Morgan India Pvt Ltd ("Manager to the Open Offer") has informed BSE regarding Disclosure of number of Equity Shares tendered in connection with the Open Offer.
M&A
● No Immediate Change
LOW RISK
📅 Filed on BSE: 05 Jun 2026, 08:20 AM IST · BSE ID: 93b2b4d5-540f-4a8d-ad0e-8e2a7908836e
View Original BSE Filing (PDF)
💡
In Simple Terms
An offer by Emirates NBD to buy RBL Bank shares from the public received no shares tendered by shareholders.
🤖 AI Summary
- Emirates NBD's open offer for RBL Bank received 0 (nil) tendered equity shares from public shareholders.
- This represents 0.00% of the total offer size of up to 415,586,443 equity shares.
- The open offer aimed to acquire 26.00% of RBL Bank's Expanded Voting Share Capital.
- The data reflects shares tendered in the escrow demat account as of 17:17:39 on June 04, 2026.
- Tendered shares are subject to further validation and verification processes.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Percentage of Offer Size Tendered
0.00%
Maximum Equity Shares Sought in Open Offer
415,586,443
Percentage of Expanded Voting Share Capital Sought
26.00%
🏢 How This Affects the Company
The lack of tendered shares indicates minimal immediate change in RBL Bank's public shareholding structure via this specific open offer mechanism.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this specific disclosure of 0 tendered shares.
👤
Who Is Affected
Public shareholders who chose not to tender their shares in the open offer are affected by this outcome, as no change in their shareholding occurred through this specific offer process.
🔍
Management Signal
The disclosure is a factual update on the open offer process, not a direct signal from RBL Bank management regarding its own strategy.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Future updates on Emirates NBD's acquisition strategy for RBL Bank stake.
Any further disclosures regarding the validation of tendered shares.
RBL Bank's upcoming quarterly financial results for business performance updates.
LOW RISK
The filing reports 0 tendered shares, indicating no immediate shareholding changes from this offer, thus low risk.
💡 Investor Takeaway
Emirates NBD's open offer to acquire up to 415,586,443 equity shares, representing 26.00% of RBL Bank, received 0 (nil) tendered shares, constituting 0.00% of the offer size as of June 04, 2026.
⚖️ Strengths & Concerns
⚠️ Concerns
- The open offer for 415,586,443 equity shares received 0 tendered shares, indicating no uptake from public shareholders.
- The 0.00% tender rate against a 26.00% target suggests public shareholders did not find the offer appealing.
📅 Company Track Record
Previous filings indicated Emirates NBD received RBI approval to acquire up to 74% stake in RBL Bank, with voting capped at 26%, subject to government clearance. This open offer was part of that acquisition process, aiming for 26.00% of Expanded Voting Share Capital.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
How many equity shares were tendered in Emirates NBD's open offer for RBL Bank?
0 (nil) equity shares were tendered in the Open Offer Escrow Demat Account for RBL Bank as of 17:17:39 on June 04, 2026.
What percentage of the open offer size for RBL Bank shares was tendered?
0.00% of the open offer size was tendered, as 0 (nil) equity shares were received against a target of up to 415,586,443 equity shares.
What was the total number of equity shares Emirates NBD aimed to acquire in the RBL Bank open offer?
Emirates NBD aimed to acquire up to 415,586,443 equity shares of RBL Bank, representing 26.00% of the Expanded Voting Share Capital.
What happens after the disclosure of tendered shares for RBL Bank's open offer?
The tendered shares are subject to validation and verification of complete documentation. The number of 'validly tendered' shares may differ from the initially reported tender count.
Questions based on this BSE filing only. For information purposes.