Emirates NBD Bank to acquire 26% stake in RBL Bank via open offer - Offer price set at ₹280/share plus ₹2.38 interest - Total consideration approx ₹117,353 crore if fully accepted - Completion subject to regulatory approvals and compliance. 1. Open Offer Details: The open offer is by Emirates NBD Bank (Acquirer) to buy up to 415.59 million fully-paid equity shares of RBL Bank, which is 26% of the expanded voting share capital. Price per share is ₹280 plus an interest of ₹2.38, totaling ₹282.38 per share. Total possible cash consideration if all shares are acquired is approximately ₹117,353 crore. 2. imeline & Process: Several dates have been set and revised for announcements, offer period, and completion of payments. The offer includes regulatory approvals already obtained and may get extended depending on further requirements. 3. Compliance & Approvals: The offer complies with SEBI regulations for substantial acquisition and takeovers. Shareholders, especially NRIs and OCBs, must obtain necessary approvals (e.g., RBI) to participate. Acquirer may withdraw the offer under certain conditions, such as failure to obtain approvals. $RBLBANK