RBL Bank Limited received zero share tenders in the open offer by Emirates NBD Bank for up to 415,586,443 equity shares, representing 26% of the expanded voting share capital. J.P. Morgan India Private Ltd, the manager to the open offer, disclosed the status to the National Stock Exchange and BSE Limited as of June 2, 2026.
The open offer was launched under the SEBI Substantial Acquisition of Shares and Takeovers Regulations. As of 6:01 PM on June 2, 2026, no equity shares of face value Rs 10 each had been tendered into the escrow demat account held with Ventura Securities Limited. The nil tenders constitute 0% of the total offer size.
The disclosure was based on the escrow demat account statement received by J.P. Morgan India from Ventura Securities Limited. It reflects equity shares in dematerialized form tendered by public shareholders as of the specified date and time.
All tendered shares will be subject to validation and verification of complete documentation submitted by shareholders. Emirates NBD Bank will accept validly tendered shares in accordance with the SEBI (SAST) Regulations and the letter of offer dated May 22, 2026.
The number of shares ultimately accepted by the acquirer may differ from the count of shares tendered. The open offer is being made to the public shareholders of RBL Bank for acquisition of up to 26% of the expanded voting share capital.
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.