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June 19, 2026
The Manager – Listing Dept,
National Stock Exchange of India Ltd
Exchange Plaza, C-1, Block G
Bandra Kurla Complex,
Bandra (E)
Mumbai – 400 051
(NSE Scrip Code: RBLBANK)
The Dy. General Manager (Listing Dept.)
BSE Limited,
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai – 400 001
(BSE Scrip Code: 540065)
Dear Sir/Madam,
Subject –Issue summary document issued in relation to open offer pursuant to Regulations 3(1)
and 4 read with Regulations 13, 14 and 15 of the Securities and Exchange Board of India
(Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (“SEBI (SAST)
Regulations”) in connection with an open offer to the Public Shareholders of RBL Bank Limited
(“Target Company”) (“Open Offer”).
Emirates NBD Bank (P.J.S.C.)(the “Acquirer”) has announced an Open Offer to acquire up to
415,586,443 fully-paid-up equity shares of face value INR 10/- each (“Equity Shares”) from the Public
Shareholders of the Target Company, representing 26.00% of the Expanded Voting Share Capital of
the Target Company, at a price of INR 282.38, being the aggregate of (a) the Offer Price of INR 280
and the Applicable Interest of INR 2.38 per Equity Share, aggregating to a total consideration of INR
117,353,299,774.34 (One hundred seventeen billion, three hundred fifty-three million, two hundred
ninety-nine thousand, seven hundred seventy-four rupees thirty-four paise) (assuming full acceptance)
payable in cash.
In relation to the above, the letter of offer was issued on May 22, 2026 (“Letter of Offer”). Pursuant to
the Securities and Exchange Board of India circular on ‘Introduction of Issue Summary Document
(ISD) and dissemination of issue advertisement’ SEBI/HO/CFD/PoD-1/P/CIR/2023/29 dated February
15, 2023, please see below the issue summary report for Open Offer under SEBI (SAST) Regulations
for the post-tendering stage.
Sr. Particular Field Description Source for Remarks
No. information
1. Number of fully paid-up shares Nil (0.00%) Acquirer Nil
acquired in offer
2. Number of partly paid-up N.A (The Target
shares acquired in offer Company does not
have any partly paid
up equity shares.)
3. Number of fully paid-up shares 0.00%
acquired as % of paid-up
capital
J.P. Morgan Tower, Off. C.S.T. Road, Kalina, Santacruz-East, Mumbai - 400 098, India.
Telephone: 91-22-6157 3000 Facsimile: 91-22-6157 3911
J.P. Morgan India Private Limited
CIN • U67120MH1992FTC068724
4. Number of partly paid-up N.A
shares acquired as % of paid-
up capital
5. Offer price paid for fully paid- INR 280 (two
up share hundred and eighty
rupees) along with
interest of INR 2.38
(two rupees and
thirty eight paise)
per Offer Share
computed at the rate
of 10.00% (ten per
cent.) per annum.
6. Offer price paid for partly paid- N.A.
up share
7. Date of payment/settlement Not applicable, as Manager to the
no shares have been Open Offer
tendered in the
Open Offer.
8. Consideration paid in open Nil.
offer (in INR)
9. Detail of interest paid due to Nil.
delay in payment
10. Post offer shareholding of 929,134,820*
Acquirer
11. Post offer announcement Attached separately
* On 18 June 2026, 929,134,820 Subscription Shares were issued by the Target Company to the
Acquirer pursuant to the Investment Agreement and the Preferential Issue.
Should you require any further information / clarifications on the same, please contact the following
persons:
Contact Person Designation Email Id
Nidhi Wangnoo Executive Director nidhi.wangnoo@jpmorgan.com
Nilay Bang Vice President nilay.bang@jpmchase.com
Note: Reference to capitalized terms herein have the same meaning as that defined under the Letter of
Offer.
Thanking you,
For J.P. Morgan India Private Limited
Authorized Signatory
Nitin Maheshwari
Enclosed: Copy of Post-Offer Advertisement
J.P. Morgan Tower, Off. C.S.T. Road, Kalina, Santacruz-East, Mumbai - 400 098, India.
Telephone: 91-22-6157 3000 Facsimile: 91-22-6157 3911
J.P. Morgan India Private Limited
CIN • U67120MH1992FTC068724