Emirates NBD to launch RBL Bank open offer on 12 Dec
after close1 source ↓written by the desknot a recommendation
- RBL Bank
- 12 December
- is set
- ₹280 per share
- on Tuesday
- ₹324
- to secure
- 60% stake
Emirates NBD will initiate its open offer for RBL Bank on 12 December, aiming to acquire shares from public shareholders. The offer price is set at ₹280 per share, while RBL Bank shares closed at ₹324 on Tuesday. This marks a significant step in Emirates NBD's plan to secure a 60% stake for USD 3 billion.
This acquisition is one of the largest cross-border investments in India's financial services sector, potentially reshaping market dynamics.
Not investment advice. For informational purposes only.