RBL Bank Limited has disclosed that no equity shares were tendered in the open offer escrow demat account as of June 4, 2026, in connection with the open offer by Emirates NBD Bank for acquisition of up to 26 percent stake in the bank. The disclosure was submitted to the National Stock Exchange and BSE on June 5, 2026 by J.P. Morgan India Private Limited, the manager to the open offer.
Emirates NBD Bank launched the open offer to acquire up to 415,586,443 equity shares of Rs 10 each, representing 26 percent of RBL Bank's expanded voting share capital from public shareholders. The offer is being made under the SEBI Substantial Acquisition of Shares and Takeovers Regulations. The letter of offer detailing the terms and conditions was dated May 22, 2026. J.P. Morgan India Private Limited is acting as the manager to the open offer.
Ventura Securities Limited, the depository participant for the escrow facility, provided the statement showing that zero equity shares have been deposited into the open offer escrow demat account. The balance was recorded as of 5:17:39 PM on June 4, 2026, and constitutes 0 percent of the total offer size of 415,586,443 equity shares.
Shares tendered by public shareholders remain subject to validation and verification of the complete set of submitted documents. Only equity shares validly tendered will be accepted by Emirates NBD Bank in the open offer in accordance with the SEBI SAST Regulations and the terms of the letter of offer dated May 22, 2026.
The number of shares reflected in the escrow account statement may differ from the number of shares that Emirates NBD Bank ultimately accepts in the open offer process. The disclosure covers only equity shares in dematerialized form that have been tendered by public shareholders to the escrow demat account.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.