RBL Bank Share Price in Focus After Open Offer Corrigendum by Emirates NBD

RBL Bank share price is expected to remain in focus after the bank disclosed receipt of a corrigendum linked to the ongoing open offer by Emirates NBD Bank. 

Key Development 

RBL Bank informed that it has received a corrigendum issued by J.P. Morgan India, the manager to the open offer, in relation to the proposed acquisition by Emirates NBD Bank. The corrigendum has been published in multiple newspapers on April 12, 2026.  

Open Offer Details 

The open offer involves acquisition of up to 415,586,443 equity shares, representing 26% of the expanded voting share capital of RBL Bank.  

The offer price has been fixed at ₹280 per share, aggregating to a total consideration of approximately ₹11,636 crore (₹116,364,204,040), assuming full acceptance.  

Regulatory And Structural Updates 

The corrigendum incorporates updates following approval from the Reserve Bank of India. As part of the conditions, changes are required in board composition norms and governance structure, including amendments to the bank’s Articles of Association. Additionally, shareholder approval will be required to align with the revised regulatory framework.  

Read More: Manappuram Finance Share Price Jumps 12% in 2 Days After Bain Capital Deal; Stock Nears ₹321 52-Week High! 

RBL Bank Share Price Performance 

As of 22 April 2026, at 3:30 PM, RBL Bank share price is closed at ₹318.20 per share, reflecting a decline of 0.29% from the previous closing price. 

Conclusion 

The corrigendum marks a key regulatory step in the ongoing open offer process, with approvals and structural changes expected to shape the future ownership and governance of RBL Bank. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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