Emirates NBD Bank launches open offer for RBL Bank stake
pre-market1 source ↓written by the desknot a recommendation
- offer to acquire
- 26%
- per share
- ₹280
- equity shares
- 415,586,443
- if fully accepted
- ₹11,636.4 cr
Emirates NBD Bank has initiated an open offer to acquire 26% of RBL Bank's voting share capital at ₹280 per share. This move involves a maximum of 415,586,443 equity shares, totaling ₹11,636.4 cr if fully accepted. This acquisition could reshape the ownership landscape in the Indian banking sector.
The offer is subject to regulatory approvals and may influence market sentiment towards both banks. 📈
Not investment advice. For informational purposes only.