**Emirates NBD Launches ₹11,636 Crore Open Offer to Acquire 26% Stake in RBL Bank**

*Mumbai, October 18, 2025* – In one of the largest proposed foreign investments in India’s private banking sector, **Emirates NBD Bank (P.J.S.C.)** has announced an **open offer to acquire up to 26% of RBL Bank Limited** for approximately **₹11,636 crore**, at an offer price of **₹280 per share**. According to a **public announcement filed by J.P. Morgan India Pvt. Ltd.**, the manager to the offer, the open offer is being made under **Regulations 3(1) and 4 of SEBI’s SAST Regulations, 2011**, following the signing of an **Investment Agreement** between Emirates NBD and RBL Bank. The Dubai-based lender plans to acquire between **51% and 74% of RBL Bank’s equity capital**, combining the open offer with a **preferential issue of up to 959 million shares** worth about **₹26,853 crore**. Once approved by Indian regulators, including **RBI, SEBI, CCI, and DPIIT**, Emirates NBD will become the **promoter and controlling shareholder** of RBL Bank. The proposal also includes a **future amalgamation of Emirates NBD’s India operations** with RBL Bank, subject to regulatory nods. RBL Bank’s shares are listed on both **BSE (540065)** and **NSE (RBLBANK)**. The offer underscores growing global investor confidence in India’s financial sector and could mark a landmark foreign bank-led acquisition in the Indian market. --- ### Disclaimer This article is based on RBL Bank’s disclosure and the official public announcement dated **October 18, 2025**, filed under SEBI regulations. It is meant for informational purposes only and does not constitute investment advice. ### Follow for More 🏦 **Follow me for verified updates on banking mergers, open offers, and key financial market developments.**