Emirates NBD plans open offer for RBL Bank stake
pre-market1 source ↓written by the desknot a recommendation
- in RBL Bank
- 26% stake
- RBL Bank
- ₹280 per share
- totaling
- ₹11,636 crores
- period runs
- 12 to 26 Dec
- market price
- ₹324
Emirates NBD Bank has proposed an open offer to acquire a 26% stake in RBL Bank at ₹280 per share, totaling ₹11,636 crores. The offer period runs from 12 to 26 Dec, pending SEBI approval. This acquisition marks a significant FDI inflow into India's banking sector, despite the offer price being below the current market price of ₹324.
Not investment advice. For informational purposes only.